Damages
the amount you receive is, in principle, net, so you no longer have to pay income tax and national insurance contributions on it. Not even about the compensation for the loss of earning capacity. This is expressly stated in case law. You should therefore not declare the compensation received as income for income tax purposes within the meaning of Box I.
This means that on the income tax return, the amount received by you from the insurer is not regarded as taxable or possibly as taxable income in the meaning of Box I must be indicated or specified, except insofar as it concerns the statutory interest, which is taxable in Box III. To be on the safe side, SAP Advocaten arranges a tax guarantee for you with the liable insurer. If you nevertheless receive a tax assessment from the tax authorities with regard to the compensation paid to you, the insurance company will pay that tax.
How much advance can you get for compensation for personal injury?
If a victim of accident Personal Injury Lawyers who, if necessary, will go to court for you. Largest personal injury law firm in the Netherlands. Click here for free advice. Injuries sustained through sports and games? Let SAP Advocaten advise you free of charge and without obligation. The largest personal injury agency in NL may cause injury damage. This damage is called personal injury. This concerns, for example, medical costs, costs for legal assistance, or loss of income. Sometimes the victim is entitled to one compensation
The victim can then also, possibly with the help of a personal injury lawyer, submit a claim for damages to the other party. However, settling a personal injury case can take a long time. The more complex the case, the longer it takes for the victim to receive compensation. The victim can get into financial problems because of this – after all, the victim has had to pay all the bills since the accident! Fortunately, a solution has been found for this. According to the Code of Conduct for the Handling of Injury Damage, a victim is entitled to an advance on compensation for the injury suffered. This advance is paid out soon after the accident to prevent the victim from losing financially.
How high is this advance?
The amount of the advance depends of course on the amount of the personal injury. Examples of damaged items that qualify for an advance are travel costs, costs for extra household help, medical costs, childcare, and legal assistance. The exact amount of the advance depends on the amount of the damage and is not prescribed by law. The amount of the advance depends on the amount of the damage. To be sure of the highest possible advance, it is wise to call in a personal injury lawyer. A personal injury lawyer negotiates with the other party on behalf of the victim. Have you also been the victim of an accident and do you want to call in the help of a personal injury lawyer in Amersfoort? Then you can of course contact SAP Advocaten.
