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Do I have to pay tax on my eBay sales? Question of the week discussion

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  • livelyred
    livelyred Posts: 2,367 Forumite
    I sell my unwanted items, clothes shoes etc, also my 11 year old daughters bits and some of my familys items would i have to pay tax ? i have been selling for about yr and a half and i make for my self and my family im selling for about £150-£200 a mth between us
    Won 2010: Butlins 5 day Break and £250, 1 yr Virgin Active membership, Meal for 10 at Best Parties Ever, skyline 2011 dvd.

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  • StaffsSW
    StaffsSW Posts: 5,788 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    livelyred wrote: »
    I sell my unwanted items, clothes shoes etc, also my 11 year old daughters bits and some of my familys items would i have to pay tax ? i have been selling for about yr and a half and i make for my self and my family im selling for about £150-£200 a mth between us

    If they are personal belongings that you are selling, then you are not liable for any tax on the income from these items.

    If however you are charging people for selling their goods, or taking a cut of the sale, then technically yes you should declare that for tax, as it makes you a trader - albeit at a very low level.
    <--- Nothing to see here - move along --->
  • Awec
    Awec Posts: 261 Forumite
    So if I open my attic and sell 300 items at £2, I don't have to pay tax, right?
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