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Hobby maybe turning in to a business
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ste1200
Posts: 158 Forumite
in Cutting tax
Hi, I am a record collector who buys and trades records. They are all for personal use, however I do re-sell the ones I don't want any more. Do I need to decalre this to the taxman ? I am thinking of creating a website to sell records too (again from my collection in order to finance purchase of more for personal use), would this have any bearing ?
Thanks
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Selling ones you have finished listening to on fleabay would be one thing... you might struggle to convince them that you are not trading if you set up your own site or start trading in significant numbers...DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0
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