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Home / Simons-Taxes /Capital gains tax /Part C2 Computation of chargeable gains /Division C2.5 Compensation and insurance receipts /CGT treatment of compensation and insurance receipts / C2.505 Compensation for personal or professional injury
Commentary

C2.505 Compensation for personal or professional injury

Capital gains tax

Sums obtained as compensation or damages for any wrong or injury suffered by an individual in their person or in their profession or vocation are not chargeable gains1. This exemption covers compensation for distress, embarrassment, and loss of reputation or dignity (such as damages for unfair or unlawful discrimination or for defamation) as well as physical

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