Simple Tax Question

Simple Tax Question

Author
Discussion

beakr

Original Poster:

1,402 posts

217 months

Thursday 22nd April 2010
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If I have something that my employer wants to buy off me, do I have to pay tax on the money I receive from them or do I get to keep the full amount?

Pferdestarke

7,185 posts

193 months

Thursday 22nd April 2010
quotequote all
If they were to pay you directly, as opposed to adding it to your gross pay, I wouldn't have thought so.

Vixpy1

42,656 posts

270 months

Thursday 22nd April 2010
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No, unless you are making a profit on said item in which case you would obviously have to declare it on your self assfistment form, would'nt you wink

Eric Mc

122,687 posts

271 months

Friday 23rd April 2010
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There is also a general; exemption fromn tax for the one off sale of some sorts of secondhand goods - like personal motor cars.