eBay Private Seller - Self Assessment tax return??

rumouri
rumouri Posts: 22
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edited 26 December 2023 at 10:20PM in Small biz MoneySaving
I have been using my eBay account to sell my personal collectibles collected throughout the years. I am not registered as Business Account as I am not in any intention to trade, just to downsize my personal collection. 

What is classifed as Income? A painting cost me £500 a few years ago, I have sold this for £550, minus the fee and postage, would the income be £20?



Comments

  • Savvy_Sue
    Savvy_Sue Posts: 45,809
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    For tax purposes, selling personal stuff isn't relevant. If you were buying with the intention of selling then it would be. There is an eBay board which may be worth a look.
    Signature removed for peace of mind
  • thanks, I don't buy stuff to sell, just selling my personal poessions collected over years, thanks and I will have a read in the eBay board. 


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