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Tax on Out-Of-Court Settlement?
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11-03-2008 11:46pm#1Hi there,
Hope this is the right forum!
Long story short: My mother was unfairly dismissed last year by her employer. She got a lawyer and did everything that needed to be done. Cout date was set for Friday. Defense lawyer contacts my mother's lawyer this morning and offers x amount as an out-of court settlement...
Now, does anybody have any information about Tax on Out-Of-Court Settlements? I checked revenue.ie and found nothing... Is there some cut-off point? i.e no Tax up to €10,000 EUR, 20% Tax from €10,000 to €20,000 EUR, etc?
Thank you in advance for your help!
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