The short answer is no for lump sum personal injury compensation payments in Queensland such as workers or motor vehicle accident compensation payments.
We recommend seeking the advice of a tax advisor or accountant when doing your tax return for the year in which you received a personal injury compensation lump sum settlement.
It’s important to get advice for your specific situation. Check if you can make a risk-free compensation claim and get free initial advice from our Principal lawyer, Greg Smith.
No win, no fee' sounds simple but there may be risks in the terms & conditions. Find out the main risks to look out for and how to avoid them.