There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Section 751.
(1)No liability to income tax arises in respect of interest on damages for personal injury or death if—
(a)it is included in a sum awarded by a court,
(b)it does not relate to the period between the making and satisfaction of the award, and
(c)in the case of an award by a court in a country outside the United Kingdom, it is exempt from any charge to tax in that place.
(2)No liability to income tax arises in respect of interest if—
(a)it is included in a payment in satisfaction of a cause of action (including a payment into court), and
(b)it would fall within subsection (1) if it were included in a sum awarded by a court in respect of a cause of action.
(3)In subsection (1)—
“damages” in Scotland includes solatium, and
“personal injury” includes disease and impairment of physical or mental condition.
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
