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Version status: In force | Document consolidation status: No known changes
Version date: 1 October 2018 - onwards
Version 2 of 2

5. Amendment of Taxes Consolidation Act 1997

The Taxes Consolidation Act 1997 is amended by the insertion of the following section after section 189A:

"189B. Exemption in respect of periodic payments for personal injuries

(1) This section shall apply to any payment made to or in respect of an individual -

(a) pursuant to a periodic payments order within the meaning of Part IVB of the Civil Liability Act 1961, or

(b) pursuant to any order or other instrument that corresponds to an order referred to in paragraph (a) which is made in accordance with the law of a territory other than the State.

(2) Where, for any year of assessment, an individual is in receipt of a payment to which this section applies, such payment shall be exempt from income tax and shall not be reckoned in computing income for the purposes of the Income Tax Acts.".