IS 16/04
Issued
25 Oct 2016

Income tax - treatment of the receipt of lump sum settlement payments

This item considers the Income Tax treatment of lump sum payments received to settle claims that are both capital and revenue in nature. In particular, the item considers when apportionment will be required. This interpretation statement contains an incorrect case reference and has been replaced by “IS 20/01: Income tax – treatment of the receipt of lump sum settlement payments”.