2814.This section extends the exemption to persons receiving payments from trustees on behalf of an individual entitled to the payments (for example, a child’s parents). It is based in section 329AA(4) of ICTA. See Change 122 in Annex 1.
2815.For the provisions which exempt interest on damages from income tax see section 751.
Commentary on Sections Overview Overview Section 734: Payments from trusts for injured persons