Do I need to pay tax if I sell some clothes on eBay?

Written By Damion Viney

Only if you bought the clothes in order to sell them. Income Tax is due on trading income and trading is defined as buying and selling with the intention to make a profit. If you are simply clearing out old clothes that would not fall into that definition.

Damion Viney

Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers. 

linkedin.com/damion-viney

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