QLD Received Compensation from Scam - Do I Have to Pay Tax?

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Anton1982

Member
16 November 2016
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Hi there,

I was scammed a large amount of money approx. 5 years ago by an overseas company. I have now only just received my money back in full as well as compensation for my suffering.

My question is, will I have to pay tax on this money which I have received?

Thanks in advance
 

Rod

Lawyer
LawConnect (LawTap) Verified
27 May 2014
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www.hutchinsonlegal.com.au
Not on the money you gave in the first place.

Not sure about the extra monies.

Well done, many people do not succeed on getting anything back.