web
You’re offline. This is a read only version of the page.
close
Skip to main content

This is a new service – your feedback will help us to improve it.



Posted Mon, 12 May 2025 00:26:05 GMT by M L Lee
Hi, I have some questions regarding home insurance payout. My garage was burgled last year and some properties inside at the sum of about 12,000 pounds were stolen. The case was reported to the police. I received insurance compensation from my insurer at the sum of 10,000 pounds based on a home content insurance policy. I spent 8,000 pounds to buy some of the stolen properties. The remaining 2,000 pounds is still unused. Under the above circumstance, do I need to report the insurance compensation in my self assessment? If affirmative, what is the amount I should declare? Thank you!
Posted Tue, 13 May 2025 09:48:37 GMT by HMRC Admin 19 Response
Hi,
If the payout was for personal items that are not used for self employment, then you do not report this.
Thank you.

You must be signed in to post in this forum.