Simple Tax Question
Simple Tax Question
Author
Discussion

beakr

Original Poster:

1,405 posts

233 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

7,192 posts

209 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

42,697 posts

286 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

124,736 posts

287 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.