question archive He receives so much produce that he sometimes sells the surplus to neighbours
He receives so much produce that he sometimes sells the surplus to neighbours
Subject:LawPrice: Bought3
He receives so much produce that he sometimes sells the surplus to neighbours. Last summer he made $1,000 cash this way. Albert has always treated the free produce as a "perk" of his job and not taxable to him. A lawyer friend has told him the produce he receives is not income from employment because his employer (Mega City Properties) does not provide it to him, nor do they even know about the free produce he receives. Required: Should Albert include in his tax return the value of the free produce he receives as income under section CA 1(2) of the Income Tax Act 2007 and pay tax on it?
