Do you pay tax on selling second-hand clothes?
If you're selling clothes that you already own (i.e., second-hand clothes) occasionally and without making a profit, you generally don't need to pay tax. For example: Selling a few items here and there, perhaps on platforms like eBay, Depop, or Vinted, to declutter your home.Do I have to pay tax on selling my old clothes?
As with any other kind of business, online second-hand clothing retailers are generally required to pay taxes on their income. This applies whether you have your own website or sell through other platforms such as Etsy, eBay, Vinted and Depop.How much can I sell on Vinted without paying tax?
If the money you make on Vinted over a year is less than what you paid for the items, you pay no tax. The only time that an individual item might be taxable is when you sell it for more than £6,000 and there is a profit from the sale (i.e. it sells for a higher price than you paid for it).Do you have to tell HMRC if you sell on Vinted?
You need to tell HMRC if: Your Vinted income (combined with other casual sales) exceeds £1,000 in a tax year. You are buying and selling items with the intention of making a profit. You're running a more substantial operation that could be considered a business.Do I have to pay taxes on reselling items in the UK?
If you're selling personal possessions you probably do not have to pay Income Tax on these. If you sell an item for more than £6,000, you may need to pay Capital Gains Tax.Selling PERSONAL Items - Do I Need to Declare Profit?
Does selling personal items count as income in the UK?
These are considered personal possessions, and there's no profit to tax. However, if you sell valuable items, such as antiques, jewellery, or art, and make a profit, you might need to pay Capital Gains Tax (CGT). There is a tax-free allowance of £3,000 (as of the 2024/25 tax year) for gains on personal possessions.What happens if you sell more than 30 items on Vinted?
On Vinted, particularly, reporting thresholds were tightened, and users who either do 30 sales per year or exceed £1,700 of gross sales over 365 days must now have their data reported with HMRC.How much personal stuff can you sell before paying taxes?
Personal Allowance: In the UK, the personal allowance is £12,570 meaning you can earn up to this amount across all your income sources without paying tax.Does Gumtree report to HMRC?
From 1 January 2024, digital platforms such as Vinted, Gumtree, eBay, and Airbnb will be required to report seller data to HMRC. This will include the names of individual sellers and volume of their sales and is part of a clampdown by HMRC to 'bear down on tax evasion'.How many items can I sell on eBay before paying tax?
If you complete 30 or more sales transactions on eBay.Do you pay tax on second-hand goods?
In most cases, you won't be liable to pay tax if you (as a person not as a business) have not sold items for a profit. Using Vinted as an example, it's unlikely that a profit would be made from selling second-hand clothing on this re-selling platform.Can you make a living off Vinted?
Vinted is more than just a platform for selling unwanted clothes — it's a legitimate way for people worldwide to generate extra income. In 2025, reselling fashion has become a booming trend, with active Vinted sellers often earning more than minimum wages in some countries.How to declare side hustle income?
Paying tax on your side hustle income is different from the way you normally pay tax on your full-time salary. This time, you'll need to submit a Self Assessment tax return. If you're submitting your first tax return, you'll need to register for Self Assessment (self-employed).Is it illegal to sell second-hand clothes?
Reselling is not illegal, but there are certain rules and laws you have to follow. You can't resell everything. Selling certain items is illegal. If your reselling income exceeds a certain limit, you must register as a business.Do you pay VAT on selling second-hand clothes?
If a business buys and sells second-hand goods, they can use one of the second-hand margin schemes so that VAT is only due on the profit margin, not the full selling price. When using a second-hand scheme there are a number of points that you should remember.Does Facebook Marketplace report to HMRC?
The January 31st Online Sales Reporting Change. As of January 31st, 2024, online marketplaces such as eBay, Vinted, Etsy, and Facebook Marketplace are now required to report seller information to HM Revenue and Customs (HMRC).How does HMRC detect undeclared income?
Financial records (bank account statements, debit/credit card accounts, credit reference agencies, insurance companies, crypto asset platforms). Online sales records (eBay, Amazon, Zoopla, Rightmove, etc). Social media. Peripheral information like Google Earth, sales for flights, etc.What not to do on Gumtree?
If Your Content falls into any of these categories, it will not be allowed on Gumtree.
- Alcoholic beverages.
- Blood, body parts and bodily fluids, or offers of humans for sale, including offers or requests for adoption or surrogacy.
- Burglary tools.
Do I have to declare casual income?
If you have casual and/or miscellaneous income above £1,000 then you should include the income after deducting the trading allowance in box 17 on SA100. Please note that if you claim universal credit (UC) then you need to report your actual income and expenses and ignore the trading allowance for UC purposes.What can you sell without paying taxes?
What About Selling Personal Items? If you're selling personal items occasionally, such as clothes, books, or furniture you no longer need, you generally don't need to pay tax on the money you make. This is only true if the items were used and you're not regularly purchasing items specifically to resell.How much can you make on Vinted without paying tax?
The £1,000 Trading Allowance: Your Tax-Free BufferThe most important thing to understand is the Trading Allowance, a £1,000 tax-free buffer for casual sellers. This means you can make up to £1,000 profit from Vinted sales in a tax year without paying a penny in tax.