Annuities purchased under the Criminal Injuries Compensation Scheme: tax exemption
Under the Criminal Injuries Compensation Scheme, an annuity may be purchased orprovided under an award of compensation for the benefit of the victim of a criminalinjury.
The annuity payments under such an award are also specifically exempted from tax in thesame way, and to the same extent, as an annuity payable as a result of an order providingfor periodical payments of damages for personal injury.
The persons listed in IPTM5060 are exempt from tax on thepayments and if the payments are made to a trust, any payments to the injured person, or aperson on his or her behalf, out of those payments are also exempt in the same way asdescribed in IPTM5070.
|Further reference and feedback||IPTM1013|