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Lifetime achievement awards

My partner is being given a lifetime achievement award and I want to know if this award will be taxable. I rang HMRC and they didn't know!

Comments

  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    Who is giving her this award?
  • Psoe
    Psoe Posts: 3 Newbie
    edited 5 July 2016 at 8:37PM
    The is a prestigious award in the specialist field in which my partner works.
  • Some clues here:

    http://www.thisismoney.co.uk/money/experts/article-2551709/I-just-won-5-000-industry-award-Do-I-pay-tax-it.html

    I think darksparkle was trying to establish whether or not the award was made by an employer.
  • Psoe
    Psoe Posts: 3 Newbie
    No it wasn't his employer. Thanks for the link - that does seem to imply that it will be tax free. I will try to get confirmation from HMRC.
  • jimmo
    jimmo Posts: 2,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Don’t know how important this is to you but following your post at #3 it took me less than a minute of googling to put a name to your partner. You might want to edit your post to say something like “a prestigious award in the specialist field in which the winner works.”
    I see that your partner is referred to as “professor” and a “director”. Certainly for HMRC, both those titles strongly imply the existence of an office or employment within the specialist field and the lifetime achievement award received is a recognition of how well (s)he has done their job and is therefore taxable.
    HMRC are not your best source of information here. They, absolutely, cannot discuss your partner’s personal tax affairs with you.
  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    Personally I would write to HMRC about it rather than calling the helpline.

    It's hardly going to be a common question for the helpline so it doesn't surprise me that they wouldn't know.
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