give me a taxx sructure to determine if smtg is income under cb3 PERSONAL PROPERTY SALES MODEL CB3: According to CB 3 of the Income tax act 2007, an amount that person derives from carrying on or carrying out an undertaking or scheme entered into or devised for the purpose of making a profit is income of the person. To determine if WHATEVER THE ITEM IS ABOUT IS INCOE UNDER CB3, we follow these steps: Is there a profit making undertaking or scheme: For there to be a profit making undertaking scheme there needs to be some sort of planning or design involved and series of steps involved with an end objective of making a profit - seen in the case law Railway timber. This suggests that an undertaking or scheme is not a one-off event or transaction. Howve the mere rerliastion f a capital asset does not constitute a profit making scheme or udertkaing just bec the taxpayer has chosen to do son in the most advangous way. Other people involved - clearly there are other engagement with pether person or persons as seen in the eunson v cir case. However, if there are no people engagement, but there is step can be a scheme