explain whether the lump sum compensation should be included in assessable income: (Be sure to include the link to the

explain whether the lump sum compensation should be included in assessable income: (Be sure to include the link to the

Question:

explain whether the lump sum compensation should be included in assessable income: (Be sure to include the link to the web address of the source of information for your explanation.)(Australia)

Expert Answer:

Answer rating: 100% (QA)

In Australia whether a lump sum compensation payment should be included in assessable income for tax purposes depends on the nature of the payment and
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