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Selling stock from old business?
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zygurat789 wrote: »You've not got that quite right.
You registered because you were trading, you are NOT now trading even if you sell the last of the stock.
Lots of people do the odd bit here and there and declare it in a letter as I said you could do in my second post. You do NOT need to register. HMRC will adjust your code number, do you have one, from what you say you will still not pay tax. No problem, sorted, sell, report amount to HMRC do not pay tax. It's legal and how you should do it.
Yes post 25 and above post 20.0
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