selling your stuff on Amazon...part 2

voodoozoe

Hello everyone, I am trying to sell some CDs today and have come to a standstill...has anyone got the "Civil War Ep" by Guns N Roses? I have one to sell and other people selling it are quoting its Ltd Edition Number....I can't find it!!! Any ideas where it might be? There is a weird little white rectangle at the top of the cover but theres no number in it!!! Any ideas guys???



ps. Have sold a grand total of FOUR books now so I'm gathering momentum...just want the pro selling thing to come back now!!! :santa2:

Moglex

apprentice_tycoon wrote:

This post puts an interesting point of view regarding tax

That post said this:

No tax problem at all, the books you are selling are your books, nobody would be interested in your affairs unless it's very large amount that you sell.
Even a large amount of books could be accounted for because you were selling books for a relative without a computer, it would be hard to prove that this isn't so. This is my personal view, I'd be happy to be corrected

Which I believe is not 100% accurate.

The IR are interested in any income you may be getting.

They are, however, interested in a 'source of income', so selling some books of your own or a friends would not normally be of any interest to them.

However: If they were to see (in a spot check audit, for example) that you had a recurring income from selling books, that you could not prove were your own, they may decide that the money is liable to tax.

So if you sell a couple of hundred pounds worth of books over a few months, you are probably OK, but if you managed to make a business of it, and sold even £100 woth of books each month over a year or so, you might not.

INATA, so someone may have better information than that!

soolin

Moglex wrote:

That post said this:

No tax problem at all, the books you are selling are your books, nobody would be interested in your affairs unless it's very large amount that you sell.
Even a large amount of books could be accounted for because you were selling books for a relative without a computer, it would be hard to prove that this isn't so. This is my personal view, I'd be happy to be corrected

Which I believe is not 100% accurate.
!

You're quite right, it's called 'fraud'. You can tell the Inland Revenue whatever you want and they may or may not believe you, however i would be very careful indeed about following any advice that suggested defrauding the IR to be a good idea. It is an offence that can carry a custodial sentence.

Selling your own things is perfectly acceptable as long as you stay within the Capital Gains Tax limits
http://www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/BeginnersGuideToTaxArticles/fs/en?CONTENT_ID=4016313&chk=dyI1d%2B

You don’t have to pay CGT on personal belongings worth £6,000 or less when you sell them

However selling anything that is not your personal item is liable to be declared to the IR and will be taxable after all associated expenses are taken from the profit.

Soo

Hintza

soolin wrote:

Selling your own things is perfectly acceptable as long as you stay within the Capital Gains Tax limits

Selling your own secondhand books (at what I would have thought would be less than you paid) would not incur any capital gains.

If by good fortune they were selling for more than you paid (and assuming you have had them a while) you would get index linked relief.

BoltonMinx

Just listed a book & it sold within 20 minutes :eek: Too late to pop to the post office, so will be off tommorow.

Anyways, wanted to say to everyone, have you listed your Keep Fit books/DVDs/Equipment in time for all the New Years' Resolutions ?

mike55_2

voodoozoe wrote:

Hello everyone, I am trying to sell some CDs today and have come to a standstill...has anyone got the "Civil War Ep" by Guns N Roses? I have one to sell and other people selling it are quoting its Ltd Edition Number....I can't find it!!! Any ideas where it might be? There is a weird little white rectangle at the top of the cover but theres no number in it!!! Any ideas guys???

ps. Have sold a grand total of FOUR books now so I'm gathering momentum...just want the pro selling thing to come back now!!! :santa2:

have you looked inside the cd on the inlay at what looks like a barcode voodoozoe? some have them and some don't i think but they usually start, and end sometimes, with 2 smaller numbers.

and :beer: on your book sales.

mike55_2

BoltonMinx wrote:

Just listed a book & it sold within 20 minutes :eek: Too late to pop to the post office, so will be off tommorow.

Anyways, wanted to say to everyone, have you listed your Keep Fit books/DVDs/Equipment in time for all the New Years' Resolutions ?

was it the only one of its kind?

and good advice about the keep fit videos etc. i don't know whether to buy one or list one

HOLsale

larmy16 wrote:

I was chatting to a sweet postman the other day and I asked him the "official" truth regarding first and second class mail. He said that the truth was - if something is sent first class, then an effort is made to get it there the following day, but as we know this is no guarantee. Second class however, he said involves an element of luck. It can get there the following day or a couple of days.

He said that in these busy Christmas last week or so, there was no point in really sending anything first class, as it was a free for all. So that was from one of the "horses' mouths" :snow_grin

i'd agree with the postman

i've been sending things 2nd class for years after discovering that even living as far flung as skye (that's where i was at the time) i'd still get 2nd class packages to my house or to the people i sent them to in about the same time as first class... since we were so far from any real shops when i was pregnant with dd i relied a lot on buying from ebay and uk parents and the savings made a huge difference to my ability to do this

today though i sent all my packages 1st class, the reason why is that i don't want bad feedback. if i mail well within the given time frame AND mail 1st class they have nothing to !!!!! about

HOLsale

jo_b wrote:

Listed 25 more items last night and have sold two books already!!! :j

Thankyou everybody for inspiring me to declutter and make money at the same time! xxx

it's great isn't it? i listed 28 items 4 days ago and have sold 4 so far. have only made £14.40 in profit thus far but that's better than i'd have gotten for them on ebay BEFORE fees and paypal fees

actually i just sold an idlewild cd that i bought when they had their fantastic £1.96 cds... i'd heard good things about the band... didn't like them (too much like REM) so i sold the item. i listed the cheapest and sold it at £3.49! and better still, i paid for the item with part of a £5 voucher i earned from a survey site so i'm really quids in

mike55_2

HOLsale wrote:

it's great isn't it? i listed 28 items 4 days ago and have sold 4 so far. have only made £14.40 in profit thus far but that's better than i'd have gotten for them on ebay BEFORE fees and paypal fees

actually i just sold an idlewild cd that i bought when they had their fantastic £1.96 cds... i'd heard good things about the band... didn't like them (too much like REM) so i sold the item. i listed the cheapest and sold it at £3.49! and better still, i paid for the item with part of a £5 voucher i earned from a survey site so i'm really quids in

hi HOLsale. i was going to ask someone to set up a sellers ebay account for me over the holidays just to sell books. so out of interest, what would the profit have been if they had have sold on ebay?

thanks

mike