Tax on CGC

[#1]

Hi everyone
I received some money from deed of release. Is it taxable?
Thanks

[#2 · Accepted solution]

@Parastoomousavi 

It all depends on what it was for.

If they are personal injury annuity and personal injury lump sum payments that you receive from a structured settlement are tax-exempt or tax-free.

https://www.ato.gov.au/individuals/income-and-deductions/in-detail/structured-settlements/?page=3

[#3]

@macfanboy 

Thanks. It was about the services that one institute supposed to give me but they failed to give that services. They accepted their fault under deed of release. Do you know which category of tax this payment belongs to?

[#4]

HI @Parastoomousavi,

To give you more accurate advice we need some more information,  please contact our early engagement team are so that they can help you.

KylieS