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MIB claim payout

Posted Thu, 08 Feb 2024 11:36:05 GMT by
Hello, I will receive a lump sum payout from the Motor Insurer's Bureau after a hit-and-run injury I suffered. Do I have to pay income tax on it? Thank you in advance! Best wishes, Claudia
HMRC Admin 32
Posted Tue, 13 Feb 2024 14:05:27 GMT by HMRC Admin 32
Hi,

No, this is not taxable.

Thank you.

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