NO LONGER SELLING DUE TO SIMPLE DELIVERY

[rugbyguy1960]

AS OF 15TH APRIL MY DAYS AS A PRIVATE EBAY SELLER WILL STOP AFTER 19 YEARS.

I AM FED UP OF THE GREED OF EBAY AND I HOPE OTHER EBAY SELLERS DECIDE TO NO LONGER LET THE EBAY CONTROL FREAKS HAVE THIS MUCH CONTROL OVER PRIVATE SELLERS.

[lucy_farmer]

'You'll have to excuse me for being a bit thick (!!) but if we've already paid tax on our items when originally buying them,why are we having to pay tax on them again when selling them?'

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You're NOT !

If they are indeed 'your items' (not bought to sell on) you don't have to pay a penny....... you only have to pay tax on 'sold items' if they are over £6000.00 (and who the heck is going to risk that on ebay 😱) and fall into capital gains territory .

 Or you bought them to purposely sell-on. That means you're trading and have to pay tax (if you turn over more than £1000. in a year.)

[lucy_farmer]

'£6000 is not a lot if you sell alloys wheels of a lambo, few old iphones and say a Rolex'

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The £6K capital gains is for *ONE* item.

Not  5 distinctly separate ones. (it could be for a 'collection'- as in a stamp or coin collection or a tea-set!, but not totally different things....)

[aymanalvi]

Please define profit on a second hand used item where one would have no proof of purchase for Alloy wheels of a Lambo.

[aymanalvi]

@lucy_farmer  I am totally with you in that one. Spot On!

[moonlight-rhapsody]

Wasn't something supposed to be happening today - an announcement, or the final date when SD became compulsory for all private sellers, or something...

Why have I got the 20th in mind as a significant date in ebayworld?

[*maetrix*]

So if i'm selling my items,that i've accumulated over the last 30+ years "at a loss" (from the original prices I paid) how are hmrc allowed to take anything off of my sales?

[*maetrix*]

I think you must be living in 1970s prices world.

Think you'll find that most people have got stuff literally "laying around the house" that they've accumulated & no longer want that would easily total well over 6k.

[jonatjonatjonat]

Well it only applies under the circumstances of Capital Gains Tax anyway - but the reason they can do it...is because of Capital Gains Tax

[jonatjonatjonat]

HMRC explain all of that here

[aymanalvi]

Your very likely to be at a loss however because you have good taste your items still hold value after 30 years why should you need to pay any thing. Its yours, you earnt it. 100%!

[kidmore_kats]

As has already been stated many times, the £6,000 CGT relates to the sale of a single item, not a houseful of old junk

[jonatjonatjonat]

But not all of those people would sell it, or want to sell it, or have the time or inclination to sell it.

Sorry but most of the population of the UK would consider £6,000 'a lot of money'

[aymanalvi]

I think who ever comes up with these 1k 3k and 6k figures was born in 1920’s because nowadays some people pay more in council tax and to reach 6k when an iphone could cost 1.5k and having a family of 8 people thats x8 iphones which paid via a monthly plan. Now needs to be upgraded and sold. It will not take long to reach 6k. Ok on a single item you could sell a used Grand Piano for 12k +, then start digging for proof of purchase. This is not a insurance claim.

[*maetrix*]

This is the massive issue - i'm not 18 years old and suspiciously selling 300 (new) items to make a profit - i'm 50 and have literally accumulated (word of the day) thousands of items over the last 30 years that I no longer want - when you've been on ebay for 16 years,your unwanted items build up over that time - what are we supposed to do - let our sales trickle down to technically less than 3 a month until we die?! - the selling 30 items a year rule is laughable for what is "supposed" to be a big online market place.

They - ebay AND hmrc need to properly clarify what is what - because it's a joke under these rules.

As i've said before - it's no wonder our economies are in the gutter - they should be encouraging people to sell as much as they can - personally the more money i've got in my "pocket" the more i'm likely to spend...the less in my pocket,the less i'll spend...as has been the case on here since Feb.

[nothing.anymore]

''Reality check, £6000 is not a lot if you sell alloys wheels of a lambo, few old iphones and say a Rolex you never wore that much. Thats your 6k limit gone. Less than 5 items. And non of these item are in the attic. Please explain how 6k in sales alot for everyone?''

Sorry, but I don't get the above question. What exactly are you asking me about? I'm either not getting some hidden clue here, or you are attacking my comment about the 6000 limit. I quoted what's given on government's website.

[jonatjonatjonat]

What is this? Why are you coming up with whatifs and maybes?

If you are selling 8 iphones that were your families that wouldn't be considered a collection so wouldn't fall under capital gains tax and selling a grand piano well if you didn't have proof of purchase, you'd need to apply market value rules at the time which I assume would be easily available for grand pianos.

[akemp1]

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@aymanalvi wrote:

I think who ever comes up with these 1k 3k and 6k figures was born in 1920’s because nowadays some people pay more in council tax and to reach 6k when an iphone could cost 1.5k and having a family of 8 people thats x8 iphones which paid via a monthly plan. Now needs to be upgraded and sold. It will not take long to reach 6k. Ok on a single item you could sell a used Grand Piano for 12k +, then start digging for proof of purchase. This is not a insurance claim.

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Do iphones tend to appreciate in value? Surely the cost would be a fair proportion of the total monthly rental paid over the minimum period of the plan (or the costs of the lambo wheels a fair proportion of the total cost of the car) and they would be then sold at a loss after having been used for a while? Therefore usually no profit so no capital gain to consider?

[*maetrix*]

I totally agree - the "people" who make these rules are totally out of touch with reality.

[jonatjonatjonat]

it isn't a limit though is it? Its only a point at which ebay are required legally to provide your NI number to HMRC on the chance HMRC wish to do checks.

[sdrummond-uk]

It was supposed to be the new postage rates for small and medium parcels on SD.

Mine has only changed to 1kg 3.64 and 2kg 5.15 no mention of the parcel sizes. 

They changed yesterday afternoon so Ebay still getting it wrong.