Trade my car in and receveid the difference of settlement amount. Must it be declared under what
By Marc Sevitz · Updated
I bought a new car for private use only. The old car was trade in. The new car was bought on credit without a deposit and the garage paid out the difference between settlement of the old car. Must I declare that money and under what must it b declare.
TaxTim Marc said: 19 November 2014 at 22:36
No you do not need to declare the proceeds of the sale of a car.
