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self employed (tax on selling own items)
kazzys51
Posts: 214 Forumite
hi guys dident kno were to put this one having a huge clear out(a few large items weight bench n stuff) to make cash to put to the mort as im self employed how would a few hundred look with no recipt to the tax man any ideas?? thanks kazzys
0
Comments
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If the items belong to you already, then you don't need to declare the 'income' to HMRC. If you have bought them with the purpose of selling them to make a profit, then you do.
FloxxieMortgage start September 2015 £90000 MFiT #060 -
ahhh thanks floxxie :rolleyes:0
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