Civil Liability (Amendment) Act 2017
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Amendment of Taxes Consolidation Act 1997 | ||
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5. The Taxes Consolidation Act 1997 is amended by the insertion of the following section after section 189A: | ||
“Exemption in respect of periodic payments for personal injuries | ||
189B. (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.”. |