Tax

[davibramal-0]

I am selling football programmes i collected over 20 years ago,is the amount 1000 or 1750 each year before the tax man might be interested 

[jckl1957]

If you sell more than 30 items (even if they were only £1 each) or you have sales totalling more than 2000 Euros, about £1700, Ebay has to report your sales to HMRC.

If you are selling off a personal collection and not trading/buying or making items to sell, you should not have a tax liability.

Nobody really knows yet what HMRC will do with the huge amount of data they will receive from sites like Ebay - it is very much 'wait and see' for private sellers who should not have to pay any tax for selling their own personal possessions.

[davibramal-0]

Thanks have sold many more than 30 items but only on about £900 also is it Jan to December or the April tax year

[jckl1957]

Ebay will report your sales for the calendar year, Jan to December.

[davibramal-0]

Thanks for info