Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Scrap income

24 April 2012
Issue: 4350 / Categories: Forum & Feedback , Income Tax
A gardener has started to collect and dispose of scrap metal during his visits to his clients’ properties. He sells the scrap for cash

My client is a gardener and has been carrying on this business quite successfully for a period of years.

When preparing his latest accounts I noticed that there were occasional deposits into his building society account.

Looking back I see that these were in the region of a few hundred pounds for the past few years but in the latest accounting year this has exceeded £1 000.

When I questioned the client about this he said that they were from the sale of scrap metal.

Apparently it started when one of his clients happened to be clearing out his garage while he was there gardening.

My client agreed to take this scrap away at the same time as he was removing garden waste but sold the metal to a local dealer. My client works in one area and word apparently spread that he would take...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon