eBay Private Seller - Self Assessment tax return??

rumouri

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?

Savvy_Sue

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.

rumouri

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.