Mother and Baby Institutions Payments Scheme Act 2023
The Mother and Baby Institutions Payment Scheme Act 2023 provides financial and health supports to eligible people. This Act created a statutory payment scheme for people who spent time in certain mother and baby, or county home, institutions.
Payments made to individuals who spent time in certain certain mother and baby, or county home, institutions are exempt from tax.
A ‘relevant payment’ made to a ‘relevant person’ will be exempt from the following:
- Income Tax
- Universal Social Charge (USC)
- Capital Gains Tax (CGT)
- Capital Acquisitions Tax (CAT).
If you invest this compensation payment, you may also be exempt from tax in relation to the income or gain from the investment.
For further information on relevant payments and the definition of a relevant person, please see the Tax and Duty Manual Part 07-01-45 or contact us through myEnquiries.
How to claim the exemption
The easiest and most secure way to claim this exemption is by submitting a request through myAccount or the Revenue Online Service (ROS) using myEnquiries.