Simple Tax Question
Simple Tax Question
Author
Discussion

beakr

Original Poster:

1,405 posts

229 months

Thursday 22nd April 2010
quotequote all
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

205 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

42,692 posts

282 months

Thursday 22nd April 2010
quotequote all
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

124,154 posts

283 months

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