https://community.ebay.co.uk/t5/Seller-Central/Being-asked-to-upgrade-to-business-account/m-p/7751220#M695630 <P>'Luckily he made a " profit" because they sold for more than he originally purchased them... they are his personal items and with his capital gains allowance has no tax to pay... lucky Ben <SPAN class="lia-unicode-emoji"><span class="lia-unicode-emoji" title=":winking_face:">😉</span></SPAN>&nbsp; '</P><P>&nbsp;</P><P>So even though these are his own personal items , he *can* balance his outlay when he bought them, against his income when he sold them, even though this is not a business activity. And HMRC would be perfectly happy with that provided he kept all his receipts....</P><P>&nbsp;</P><P>(Grace and Claire are perfecty understandable <span class="lia-unicode-emoji" title=":grinning_face:">😀</span>)</P> Fri, 17 Jan 2025 16:01:35 GMT lucy_farmer 2025-01-17T16:01:35Z