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Ebay: Business vs. Private Use
8 Answers
Anyone registered on Ebay is having to confirm by the 30th whether they are a private seller or a business seller. I'm not a member myself, so not sure of all the ins and outs. A neighbour has asked if I can try and find out where she stands.
She sells her own paintings that she has done as a hobby and collected over the past 30 years or so. They're only gathering dust, and she decided she had no real need to keep them, and so is selling off some of her stuff. She sells them as and when she gets round to listing them, and apparently on average receives about �150-�250 a month.
Is she classed as a business seller?
Any advice that I can pass on gratefully received.
Thanks!
She sells her own paintings that she has done as a hobby and collected over the past 30 years or so. They're only gathering dust, and she decided she had no real need to keep them, and so is selling off some of her stuff. She sells them as and when she gets round to listing them, and apparently on average receives about �150-�250 a month.
Is she classed as a business seller?
Any advice that I can pass on gratefully received.
Thanks!
Answers
Best Answer
No best answer has yet been selected by squidgster. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.As your neighbour is using eBay already she is in an excellent position to find out for herself.
Tell her to use the community discussion boards on eBay where she will get excellent advice.
http://pages.ebay.co.uk/community/chat/
Tell her to use the community discussion boards on eBay where she will get excellent advice.
http://pages.ebay.co.uk/community/chat/
It's a difficult one. A person is allowed to sell their unwanted personal belongings without having to declare it to the taxman.
However, getting a regular income from selling her own work is not so straightforward as Joe Bloggs selling the occasional used dvd, book, outgrown pushchair or old settee.
How many paintings does she sell in a month?
However, getting a regular income from selling her own work is not so straightforward as Joe Bloggs selling the occasional used dvd, book, outgrown pushchair or old settee.
How many paintings does she sell in a month?
she is not a business unless she is trading to make a profit. The tax man will allow a certain amount to be sold without tax implications, once she has gone over that amount she must advise them and then register for self assessment forms...... until then she is a private trade and not a business as she is buying and selling ... hence no 'turnover' at this present time.
If she rings the tax helpline they will advise of the amount and then she can ( if shew wants) not sell any more until the next tax year.
If she rings the tax helpline they will advise of the amount and then she can ( if shew wants) not sell any more until the next tax year.
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