Ebay earnings over past year and tax

dangerousuk2

Hi folks, I'm looking for a bit of advice.

I have been a registered ebay member since 2000 and have been selling/buying since then.
Recently I have shifted allot of my old IT related gear (PC parts, old ink and printer cartridges, games consoles, my laptop, video games etc) This was all over the past year to year and a half.
I've just totaled up my figures and over a year I have sold about £8300 worth of stuff on ebay! Most was paid for via paypal and transfered into my bank account (prob about 250 items in total) This is quite a bit of extra cash...
Now, I realize that after taking into consideration purchase price, sale price and related fee's inc P&P etc any profit would be much less.
I realize I need to declare this but the problem is that I have no record or receipts for any of the stuff.....only my own recollection of what I paid.
Ebay only goes back 90 days sale wise so does anyone have any advice?

I could download my paypal history I guess and create a spreadsheet? Just wondering what someone else would recommend

baffcat

'Lo

If, as I think you've intimated, you were selling your own, surplus, replaced, obsolete or un-needed items, rather than stuff you'd bought in to sell on, you have no liability to income tax.

If you think about it, you'd already paid tax on your earnings when you originally bought them. If you then think on a bit further, you've made a loss selling them now as they cost you more than you've realised at time of sale. Perhaps you can claim a tax rebate though?

Baff

cyril82

baffcat is right, if you were just selling off your own unwanted possessions you have no tax liability no matter how much you sold them for.

dangerousuk2

Thanks for helping me clear that up. I was just worried about not paying what was due. Everything was my own, accumulated over the years (had no space when we moved into our new place a couple of years ago)
we receive working tax credit and childcare cost assistance so if the IR ask about it I wasn't sure how to tell them as you hear about eBay and paypal being targeted because of tax dodgers

Steve