BIM42950 | Specific deductions: compensation & damages: contents
From HM Revenue & Customs · Business Income Manual
Compensation may arise in a variety of circumstances. This chapter describes the tax treatment of payments and receipts for trading income purposes and covers the following:
For other guidance, see:
- compensation paid for damages caused by mining operations
onwards and - treatment of compensation or damages in the hands of the recipient
- compensation payments by brewers to tenants of tied houses