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Our client's son seems to have had difficulty obtaining a steady job since leaving university. However, he has developed a knack at winning newspaper, etc. competitions (particularly those with cash prizes) — including crosswords, sudokus, star letters and miscellaneous one-off draws where all one has to do is answer a simple question.
Our client's son seems to have had difficulty obtaining a steady job since leaving university. However he has developed a knack at winning newspaper etc. competitions (particularly those with cash prizes) — including crosswords sudokus star letters and miscellaneous one-off draws where all one has to do is answer a simple question.
In the past year he has managed to amass a fair sum — fairly comparable to the salary many new graduates might be able to earn. It is clear that the young man seems to have developed a successful strategy. Although there is no guarantee that any particular entry might generate a prize the regularity of this income seems to suggest that tax might be payable — presumably under what used to be Schedule D Case II. There are clearly similarities to gambling profits but we are not convinced that...
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