We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Making money post BR

Options
Hi guys, I went BR in November 07 but continue to run my online business obviously in the name I used at the time of my BR. Anyway, I need to up my income a bit so have decided to sell off some of my belongings/books etc. Does this money have to be declared to the OR. Also, as it's not business money I'm assuming I don't include it for my tax return? Just need to make sure I don't make any mistakes :confused:

Comments

  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If it's your own stuff you're selling it will be fine, as long as you haven't suddenly found assets worth £1000's under the bed you forgot to tell the or about ;)
    Accept your past without regret, handle your present with confidence and face your future without fear
  • I wish....................
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    You are discharged now so you don't need to say anything. Make as much money as you like - it will be all yours to keep (except the amount you share with the tax man!).

    :j :j


  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Ha, I didn't notice that!
    Accept your past without regret, handle your present with confidence and face your future without fear
  • Ooooops I meant Nov 2008 ..................... I really haven't got things together have I?? :)
  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    :rotfl:
    OK, refer back to Post No.2^^
    Accept your past without regret, handle your present with confidence and face your future without fear
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.