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ITA S. 56(1)(d)
Despite 56(1)(d),
structured settlement
payments to injury
victims can be
non-taxable: IT-365R2
para. 5;
VIEWS docs
2004-0072271R3,
2004-0074331R3,
2004-0084861E5,
2004-0094081R3,
2004-0096111R3,
2004-0101651E5,
2005-0121571R3,
2005-0155471R3,
2006-0217071R3,
2006-0218321R3,
2007-0226271R3,
2007-0250671R3,
2008-0284611R3,
2009-0342011R3,
2010-0358871R3,
2010-0359271R3,
2010-0362861R3,
2011-0404701R3.
A transfer of ownership
of the structured
settlement is allowed:
docs 2004-0086091R3,
2005-0142851E5,
2006-0185881R3,
2007-0254851RE5.
A variance of a
settlement to add a
beneficiary was allowed
in doc 2007-0224941E5
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