SORRY ALL INCOME IS TAXABLE.
If I gave you 5 quid as a gift that is an "income" that is taxable The fact that you declare it or not that it is a transaction is another story and the tax mans only consern is ALL income is taxable it up to you to tell the truth.
QUOTE=Rupert;1936468444]This is not income, it is a gift. And no it is not taxable.