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Posted Fri, 16 Feb 2024 10:57:46 GMT by Julia Welch
Please can you clarify whether tax should be paid on ebay sales in this situation? - selling personal or family items, ( nothing bought or made to sell). Sometimes selling for charity - selling around 300 items a year, small stuff including post cards, clothes, garage contents, ornaments, empty jars, toys, etc - Sales about £2000k a year I completed the online HMRC questionnaire and it said - "You do not need to pay tax on personal possessions you sold for less than £6,000.", however the press are reporting £1000 sales, and 30 items a year. This is very confusing. In the situation listed above is income tax due or not? thanks
Posted Tue, 20 Feb 2024 13:41:58 GMT by HMRC Admin 32 Response
Hi,

Please refer to guidance at:

Selling online and paying taxes - information sheet

Thank you.
Posted Tue, 20 Feb 2024 14:36:12 GMT by Julia Welch
Thank you, I am not trading so given the guidance tax is ordinarily not due in my case. However the guidance states " If you are just selling some unwanted items that have been laying around your home, such as the contents of a loft or garage, it is unlikely that you will have to pay tax." If it's "unlikely" that suggests there are situations where tax is due on selling unwanted items from around the home. Does this refer only to when a Capital Gain has arisen? As all of the items I sold were for less than their original cost, no capital gain has arisen. My understanding is, therefore, that I am not liable to pay tax on any of the eBay sales I outlined in my question above. If I have misunderstood the guidance you referred me to them please let me know, thank you.
Posted Wed, 21 Feb 2024 11:47:46 GMT by HMRC Admin 25 Response
Hi Julia Welch,
If sold for less than £6000 then no income tax is due.
If sold for more then you may have capital gains to pay.
Thank you. 

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