thread: Criminal Compensation Payout do i need to declare?

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  1. #1
    Registered User

    Dec 2006
    In my own private paradise
    15,272

    dont go to the office they cant help much other than givig you forms. call fao, explain the situation, they may be able to speak direct to the compo team for you.

    if you receie compensatio you will need to devlare it for ppp purposes, if it is sittig in the bank it may class aas an assett. even if you are below the assett thresholds there will be an income deemed from interest earned

  2. #2
    Registered User

    Jan 2008
    3,305

    if you receive compensation you will need to declare it for ppp purposes, if it is sitting in the bank it may class as an assett. even if you are below the assett thresholds there will be an income deemed from interest earned
    thanks for this info what would be my asset threshold i never new there was one.??

  3. #3
    Registered User

    Dec 2005
    5,951

    Here is the table for asset test for PPP

    Assets test

  4. #4
    Registered User

    Jan 2008
    3,305

    Here is the table for asset test for PPP

    Assets test
    partnered (combined) up to $381,500 is this talking about once off payments or talking about assets like house hold items value or cash or what sorry new to this. and very curious.

    also do they do this test on any of their other payments

  5. #5
    Registered User

    Dec 2006
    In my own private paradise
    15,272

    assetts are everything other than your primary home - so cash in the bank, cars, contents etc

  6. #6
    Registered User

    Jan 2008
    3,305

    assetts are everything other than your primary home - so cash in the bank, cars, contents etc
    o.k thanks again im so stupid especially this pregnancy i can hardly function my brain is gone so bad!