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Selling some stuff - need advice on tax?

BenChaningBenChaning Member New Car Smell
Hi! I'm going to be selling a load of spare things (older pc hardware, games, console stuff etc) soon, however I'm a bit confused about income tax in the UK - will the money I get from selling these count as taxable income? I read online in multiple places it does, but can't really find anything about it, so hoping that at least someone here will have better knowledge about tax that I do. Was previously looking at tax calculators like this one and found that this tax year I'm going to earn a tiny amount under the personal allowance amount here in the UK - so little selling this stuff would put me over the limit. Do I need to worry about this? Hope someone knows this better than I do :)

Comments

  • HughesyHughesy Member Champion
    edited March 30
    Not that I know of. I've sold loads of stuff, so you should be fine. You've already paid tax on them when you bought them.
    Post edited by Hughesy on
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