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Section 191 Taxation treatment of Hepatitis C compensation payments

(1) In this section-

“the Act” means the Hepatitis C Compensation Tribunal Act, 1997;

“the Tribunal” means the Tribunal known as the Hepatitis C Compensation Tribunal established under section 3 of the Act.

Amendments

Subs (1) substituted by Finance Act 1998 section 9 as on and from 1 November 1997.

(2) This section shall apply to any payment in respect of compensation-

(a) by the Tribunal in accordance with the Act, or

(b) following the institution by or on behalf of a person of a civil action for damages in respect of personal injury,

to a person referred to-

(i) in subsection (1) of section 4 of the Act, in respect of matters referred to in that section, or

(ii) in any regulations made under section 9 of the Act, in respect of matters referred to in those regulations.

Amendments

Subs (2) substituted by Finance Act 1998 section 9 as on and from 1 November 1997.

(3) For the purposes of [the Income Tax Acts and the Capital Gains Tax Acts]1 and notwithstanding any provision of those Acts to the contrary-

(a) income consisting of payments to which this section applies shall be disregarded, and

(b) any payment by the Tribunal to which this section applies shall be treated in all respects as if it were a payment made following the institution, by or on behalf of the person to or in respect of whom the payment is made, of a civil action for damages in respect of personal injury.

Amendments

1 Substituted by Finance Act 2004 section 17(1)(c) for 2004 and later tax years.