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Scrap income

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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...

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