Deed of Separation / Lump Sum Payment
10/04/1997
Query
Provision in deed of separation for part of retirement gratuity to be paid to separated spouse
Decision
It is not an annual or periodic payment. Therefore the spouse receiving the payment will not be assessable on it, and the spouse making the payment will not be entitled to a deduction
Income Tax
Section 1025, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT 97 1518