Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Wed, 27 Nov 2024 16:26:37 GMT by Phil Cook
Good Afternoon, This year I will be needing to log a Self assessment for the first time for a rental property, I understand there is a £1,000 threshhold before Tax is paid, that all makes sense. I have also sold a few bits online on ebay that toals about £200 so far... would that £200 need to be delcared on the self assessment also or is it only if sales are over £1000 that I would need to do this? I hope that makes sense. Thank you.
Posted Wed, 04 Dec 2024 08:56:31 GMT by HMRC Admin 17 Response

Hi ,
 
No you dont need to declare the ebay sales as you are under the trading allowance threshold of £1000 .

Thank you .

You must be signed in to post in this forum.