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CE 11: Proceeds from claims under policies of income protection insurance
or “Payments from employer-provided income protection insurance are taxable income”
You could also call this:

“Credit for rehabilitation payments counted as income”

When you get a tax credit in a tax year for personal service rehabilitation payments, you need to know two things:

  1. This rule applies to you if you have a tax credit under section LB 7. This section is about tax credits related to personal service rehabilitation payments for providers.

  2. The amount of the tax credit you get is counted as your income in the same year you receive it. This means you’ll need to include this amount when you’re calculating your total income for that year.

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Next up: CF 1: Benefits, pensions, compensation, and government grants

or “Payments from the government that count as income”
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Part C Income
Employee or contractor income: Definitions

CE 12Tax credits for personal service rehabilitation payments

  1. This section applies when a person has a tax credit in a tax year under section LB 7 (Tax credits related to personal service rehabilitation payments: providers).

  2. An amount equal to the credit is income of the person in the corresponding income year.

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Notes
  • Section CE 12: substituted, on , by section 319 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).