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.

[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.

[aymanalvi]

@*maetrix*  Bravo! Your spot. I  could not agree with you more. Every word is bang on. The govt should allow more money to circulate rather than people sitting on goods or disposing them which is bad for the enviroment. So here in Super markets we have to pay for a plastic bag because we are saving the planet however people will start to dispose used goods as its not worth the hassle of all this which will go to the tip. 

[lucy_farmer]

'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?'

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Lets say you bought something 10, 20 or 30 years ago as an investment .

i.e. something you're planning  to sell later on (as it is supposed to go up in value- hence 'an investment') it's obviously an important item and you should have kept the receipt.

(I'm not talking about just a thing you've bought to use, like a stereo or a dinner service or a sofa etc.)

If you sell your *investment item* you can take off what you originally paid for it (you have the reciept!) and only pay Capital Gains Tax on the profit, IF it sold for over £6000.00

If you sell your *investment item* at a loss- you have no profit, therefore no tax.

Just a housefull of non-investment, non-important personal items shouldn't attract any captial gains tax.

If you turn out to be spectacularly lucky by owning say, a toy car -bought in 1967 for 15pence which suddenly goes crackers in a toy-auction and you get £6100.00 for it you'd have to pay a tax percentage on the £100.00 (The bit over the £6000.00 limit)

TL:DR

Sales of your own normal household stuff and general personal possessions are not taxable. Capital gains or otherwise.

[akemp1]

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@aymanalvi wrote:

@*maetrix*  Bravo! Your spot. I  could not agree with you more. Every word is bang on. The govt should allow more money to circulate rather than people sitting on goods or disposing them which is bad for the enviroment. So here in Super markets we have to pay for a plastic bag because we are saving the planet however people will start to dispose used goods as its not worth the hassle of all this which will go to the tip. 

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I expect most private sellers are selling things on ebay for less than they paid for them having had some use from them so no tax to pay and no reason to take them to the tip if they still have some residual value.

HMRC would only be after people who are running small trading businesses without paying tax on their profits but unfortunately to do that they having to filter it out of data that includes people who are not liable to pay any tax on their activities.

I always reused supermarket plastic bags as household bin liners they were the perfect size so now it's just inconvenient and I just buy rolls of plastic bags which are bigger so more plastic goes to waste.

[*maetrix*]

I know what you're saying but technically it is a kind of limit because we now know that if we sell more than 1 item a week ebay are going to dob us in to hmrc - it's an insane policy - personally I don't care if people are buying to sell,let people make a profit,it's what will get the UK economy moving - there's far too much penny pinching going on from the current UK government.

[*maetrix*]

"Just a housefull of non-investment, non-important personal items shouldn't attract any captial gains tax."

Ok..do hmrc make that 100% clear on their website?

One person on here says one thing,another something else...so,confusing...it feels like we're trying to be caught out.

[punzel9072]

I sold 3 items today of which 2 to the same buyer and of course I can still do the right thing and combine postage and refund the buyer under the old system

It does seem a nonsense though that when you combine items , you have to refund the buyer the excess postage. It would be far more efficient for everybody, and certainly better for the buyer, to be able to adjust payment before it is paid.

[jonatjonatjonat]

If you read the HRMC guidance on capital gains, I’d say it’s pretty clear

[punzel9072]

If you’re selling a few unwanted items there’s nothin to worry about 

all personal items are not within the tax liability of trading which begins at 1000 pounds anyway so even if you were flipping things to sell you can do that up to that margin 

If you are selling personal unwanted items from your loft or garage, or having a clear-out, or downsizing, I don't believe there is  limit to how many items you sell, or how much they total, as long as you are not trading. The figure of £1000 is one which eBay pass to HMRC, but it's not a limit on how much you can sell of personal items.

[the_book_seekers]

The £1000 is a trading limit for businesses. Go over the £1000 and HMRC require a self assessment. ebay passes sellers trading information to HMRC after exceeding 30 sales or approximately £1700.

[parsley2003]

They want the 75p buyer fee to be paid on every item just as sellers used to pay 30p on every item. I did an invoice for someone who contacted me first by listings multiple items for him and he paid correct postage and one 75p. SD is not set to combine for this reason. If SD is forced on me i can no longer sell on here as won't even be able to refund postage overpaid any more as i can do now. Request invoice was only available on computer anyway not on the app which i had to constantly explain to buyers

[moonlight-rhapsody]

I wish all these posts about NINO were in the Insurance thread rather than the Simple Delivery thread 🙁

[aymanalvi]

Base on £1000 limit you can only sell upto an item £19.11p a week. Ok, if we say can’t sell this but can sell that and then its all the hassle. I mean if this was that important it should have been added from day one and also ebay should Freeze all account that have crossed the limit. Ebay is a platform to sell used goods mostly.

[parsley2003]

Yes now HMRC has infiltrated 

[lucy_farmer]

'.....If we sell more than 1 item a week ebay are going to dob us in to hmrc....'

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I really hate the phrase 'Nothing to hide= Nothing to fear' because it really isn't true sometimes! 😨 (but that's a whole other subject for me to get wound up about .... some other time! 😆)

But in this instance I think it is.

Ebay give your details to HMRC because you're over the limit. There's now a chance HMRC will have a closer look at you if they deem you worth the effort.

What they are looking for, is you buying and selling lots of Brand New similar items, selling loadsa new clothes/shoes all of different sizes, selling things with 'choose your size/colour' options, selling lots of 'consumables' that are logically impossible to be second-hand (like cosmetics, pet-food, skin creams, even sweeties!)

(a handfull of any of the above is fine; as in unwanted presents etc; but 47 unwanted tubes of sun-lotion for example,  will raise suspicions!)

If you're not  hiding any 'under the radar' trading, HMRC aren't going to find it are they?

(HMRC are never going to baldly state *exactly* what their computer is going to be looking for; they know that information will be 'gamed' somehow. But it is going to be the big, obvious cheats that get the heaviest hammering)

[punzel9072]

Base on £1000 limit you can only sell upto an item £19.11p a week. Ok, if we say can’t sell this but can sell that and then its all the hassle. I mean if this was that important it should have been added from day one and also ebay should Freeze all account that have crossed the limit. Ebay is a platform to sell used goods mostly.

But £1000, or £1700, is NOT a limit if you are selling personal unwanted items. It is those that are trading i.e. buying to sell or running a business, that have a limit and may be looked at by HMRC.

[lavenderthimblebunny]

Today's the day the @ ebay family go home sick so they don't have to face tomorrow's Community chat.

Feel better soon guys! 

[parsley2003]

Oh yes another hour of non sense it's very entertaining but useless. Love seeing them scrap about looking at the clock hoping time will move faster

[parsley2003]

I went over the limit selling the gold wedding rings to pay for his funeral hardly buying to sell but i guess i'm still a criminal in the eyes of some

[lucy_farmer]

'......i guess i'm still a criminal in the eyes of some'

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Only in the eyes of people who can't tell the difference between personal possessions and trading stock.....

🙄

(and HMRC *do* know the difference!)