solatium on compulsory acquisition
This query is : Resolved
05 November 2008
hello
solatium received on compulsory acquisition forms part of consideration and must be considered in computing capital gains. my question is what is "solatium" ?
thank you
tima
solatium received on compulsory acquisition forms part of consideration and must be considered in computing capital gains. my question is what is "solatium" ?
thank you
tima
05 November 2008
solatium
1. payment or other recompense for mental suffering or financial or other loss.
2. Scots Law. a provision for a sum of money to be paid to an injured party by the party responsible for the injury, over and above compensation paid for damages for injury to feelings.
1. payment or other recompense for mental suffering or financial or other loss.
2. Scots Law. a provision for a sum of money to be paid to an injured party by the party responsible for the injury, over and above compensation paid for damages for injury to feelings.
05 November 2008
Yes it is a monetary payment to mitigate the mental agony of a person.
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