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Posted Wed, 20 Nov 2024 19:20:54 GMT by Gemma Read
I feel like I'm getting conflicted info about this from other forums. It's all quite confusing. When you sell personal items, such as fragrances you've kept for ages but ended up not using, and you sell for well under what you paid for, (multiple items sold separately for say, £80, some new, most not) but still go a lot over the £1,000 a year limit, is this something that needs declaring? Some say no as they're personal items. I am not a business. I've been having some anxiety over this because I GENUINELY didn't realise, if this is indeed the case. And how do I prove they're personal? I don't have receipts (always threw them away) I never sold above what each were worth I'd like to add that I did sell a lot, because I'm now getting help for a hoarding/impulsive spending habit, due to recently diagnosed ADHD.
Posted Thu, 21 Nov 2024 13:24:00 GMT by HMRC Admin 34 Response
Hi,
Please refer to guidance at:
Selling online and paying taxes - information sheet
Thank you

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