If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Tax implications of compensation

mantaman · 2011-10-13 20:15:14

I am self-employed, my wife had accident nearly 2 years ago that has kept her out of work. Just wondering, will there be a tax liability if compensation paid ?

13-10-2011 8:15pm

#1

mantaman

Registered Users, Registered Users 2 Posts: 22 ✭

Join Date: December 2007

Posts: 18

I am self-employed, my wife had accident nearly 2 years ago that has kept her out of work.

Just wondering, will there be a tax liability if compensation paid ?

0

Comments

#2 17-10-2011 6:15pm

Mr. Incognito

Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭

Join Date: March 2007

Posts: 9552

There are specific exemption for monies received as compensation

0
#3 18-10-2011 11:10am

mantaman

Registered Users, Registered Users 2 Posts: 22 ✭

Join Date: December 2007

Posts: 18

Thank you for your reply.

0