Residential Institutions Redress Act, 2002
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Income and award. |
22.—(1) For the purposes of the Income Tax Acts, and notwithstanding any provision of those Acts to the contrary— | |
(a) income consisting of an award under this Act shall be disregarded for the purposes of income tax assessment, and | ||
(b) any payment in respect of an award under this Act shall be treated in all respects as if it were a payment made following the institution, by or on behalf of the applicant to whom the payment is made, of a civil action for damages in respect of personal injury. | ||
(2) In this section “Income Tax Acts” has the meaning assigned to it by the Taxes Consolidation Act, 1997 . |