CGT Determination Number 14

TD 14

Capital Gains: Will payments made under Accident & Health Assurance policies be exempt from CGT?

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FOI status:

may be releasedFOI number: I 1019041

Payments made to the holders of such policies in respect of personal injuries to themselves are regarded as "compensation" and will not give rise to either capital gains or losses (subsection 160ZB(1)).

2. This treatment will also apply to payments made to a trustee for a taxpayer who has been injured.

Commissioner of Taxation
10 September 1991

References

ATO references:
NO N.O. 12.86/9579-2

Subject References:
Exemption;
Accident & Health Assurance policies;
Compensation payments

Legislative References:
160ZB(1)