We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Is a court payment taxable? Rent repayment order
Kartoffelbrei
Posts: 2 Newbie
in Cutting tax
My housemates and I took our unlicensed landlord to tribunal for fire safety issues, not protecting the deposit, mould. The process is called a Rent Repayment Order and we expect to be awarded a substantial portion of a year of rent. Does this count as taxable income?
We'd already paid PAYE taxes on that income when we earned it before paying it as rent. If it counts as our own money being returned, we'd expect not to be taxed. However, most advice online seems is more generally about compensation awards being taxable income. How should this be treated for tax?
And is the tax treatment different if we settle out of court?
0
Comments
-
No it's not income.0
-
It's a refund of a service already paid for0
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.5K Work, Benefits & Business
- 615.4K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards