Ebay & selling cars

Savvy_Sue

motorguy wrote: »

No, if HMRC take an interest - either by picking up on the amount of ads being placed or by (the more likely) a neighbour or disgruntled customer raising it with them - then it would be up to the O/P to prove its NOT a business.

And if you're running one car while doing up another, then it's even more likely that the neighbours will shop you, especially if you live in rented housing, especially especially if that's social rented (either local council or Housing Association) as you'll then be very clearly in breach of your tenancy agreement.

Bean_Counter

Lomast wrote: »

Not sure if it works for cars but i know a builder who buys a house that needs work doing and does it up while living there and as its his only residence he doesnt have to pay capital gains tax on it when he sells it

And quite rightly no capital gains tax to pay. However as he is buying with the intention to sell on hopefully at a profit then he is trading and should be paying income tax on the gain.