1.1.V.25 Valuable consideration
This definition applies to all payments.
Valuable consideration is defined as receipts not in monetary form but capable of being valued in monetary terms. This occurs when a person receives goods, services or some other benefit in exchange for some item, action or promise.
Explanation: If goods or services are provided, their value is maintained as the amount a person would have to pay another to purchase the particular item, or would have received to provide the service. To be applied, the goods or services provided have to have a clear monetary value.
Example: A person does some garden maintenance to earn income. The person is given a book of 10 movie ticket vouchers instead of a cash payment. The vouchers' purchase value is assessed as income.