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Another Privilege pass question

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mrg9999

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Imagine hypothetically someone had a pensioner privilege pass from say Zone4 to London off peak
Is this a taxable benefit e.g. does it have to be declared for tax?

Imagine the operator offered this person a one time only cash sum for this pass and they took this money, would that be taxable?
 
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Haywain

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Is this a taxable benefit e.g. does it have to be declared for tax?
I'm no expert but it would seem likely that it is taxable.
Imagine the operator offered this person a one time only cash sum for this pass and they took this money, would that be taxable?
On this I have little doubt - such a payment would be unearned income and therefore be taxable. However, I am not, as stated above, an expert.
 
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