Tips & Advice Tax

Property damage - is tax payable on compensation?

A large delivery vehicle hit your building causing significant damage. The vehicle’s owner is willing to pay you £5,000 compensation rather than deal with it through insurance claims. Will you have to pay tax on it?

Login with your username and password to access this content.

Free online demonstration

Discover all the possibilities of this online solution with a free, no obligation demonstration. A member of the team will take you through its features and benefits absolutely free of charge. No risk, no strings, no charge.

Annual subscription

I'd like to take out an annual subscription for just £689 + VAT.

Price: £689 + VAT

© Indicator - FL Memo Ltd • Telephone: (01233) 653500 • Fax: (01233) 647100 • customer.services@indicator-flm.co.uk • www.indicator-flm.co.uk
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ • VAT GB 726 598 394 • Registered in England • Company Registration No. 3599719