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White Finger Compensation

White Finger Compensation

Hi

Client receives white finger compensation weekly after many years down the pit. He been receiving since 2000 and became a client last yr when he became a partner in an existing client's business. He didn't mention it for the 2009/10 return but happened to mention this year! I've done a bit of research but yet to find the taxable position on it.

Being compensation I wld have thought it was not taxable but is it taxable?

Regards

Mark

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24th Jan 2012 11:24

I'd say that it was exempt

By virtue of S.731 ITTOIA 2005.

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