‘Capital amount’ is defined in the sale of income legislation as any amount, in money or money's worth, which does not otherwise fall to be included in any computation of income for the purposes of the Tax Acts.
Capital amount receivable by someone other than the individual
The legislation also catches the case in which the capital amount is receivable not by the individual whose activities are being exploited but by some other person. In such a case, the individual who relinquishes the future income remains the person who is chargeable.
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