Reselling a few furnituers on ebay report to HMRC

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3 Aug 2021
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I recently re-sold 2-3 furnitures on eBay within a week and made some profit.

I have a full time job (100k+) and am not planning to re-sell goods anymore.

Do I still need to report to HMRC on self-assessment form?

Thanks!
 
Last edited:
Solid choice.
wiki said:
Simba is the protagonist of Disney's 1994 animated feature film, The Lion King. He is the son of Mufasa and Sarabi, who was destined to rule the Pride Lands, as king. When Mufasa was murdered by his treacherous brother, Scar, Simba was exiled from the Pride Lands after his uncle blamed him for his father's death. He finds refuge in a jungle oasis with Timon and Pumbaa, but when the Pride Lands fall to disarray during his absence. With the kingdom in peril, Simba is forced to confront his troubled past and take his place in the "Circle of Life".

Upon entering adulthood, Simba marries his childhood best friend Nala and has two cubs named Kiara and Kion.

e: and to be somewhat helpful ...

@Kemik
@Pudney

Hit me with that sweet tax stuff.
 
"Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value."

I don’t think it’s as simple as that. If HMRC consider this is a trade then profits will be taxed as trading income rather than capital gains, which is significant given you lose the CGT allowances.
 
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