Of course, don't forget to tell the taxman. 
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I'm not convinced selling cars on ebay is a good business for an amateur.
I think a professional Ebay dealer is more accountable than a normal second-hand dealer for anything he sells and will almost always have to take back a car or cancel a trade if the customer is dissatisfied. This means they have to have real confidence in what they are selling.
On the other hand, an amateur selling on Ebay is likely to be perceived as such, i.e. as someone who won't go as far to protect his reputation, and this will be reflected in the prices he gets.Comment
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Well if you are a trader you have obligations a private seller doesn't. I'm just thinking of selling a few privately, and certainly not looking to con people (as many ebay traders are).Originally posted by IR35 AvoiderThe court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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"I'm just thinking of selling a few privately",
doesn't that make you a trader ?
Milan.Comment
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Sure does. Heard an interview with a tax inspector a couple of months ago on Moneybox. They had recently classified a guy clearing his own loft on eBay as a trader!! In his case that was due to a large number of relatively valuable Dinky toys he was shifting!Originally posted by milanbenesComment
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FFS! That's a new one?!?! What limits do they decide on that?
Or is it down to your "tax potential"?If you think my attitude stinks, you should smell my fingers.Comment
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This programme was specifically concentrating on the eBay angle. The inspector said they had set up a dedicated eBay unit and reckoned that most eBayers with ratings of 1000+ would come under scrutiny sooner or later. He also said these were usually the reasons they classify someone as a trader:
1. Buying one or more items specifically with the objective of selling them profitably (pretty self evident and fair enough).
2. Selling multiple similar items (Dinky toys in this guy's case).
3. Shifting a lot of high value stuff (even if it was your stuff in the first place).
He gave the impression that it really did come down to whether there was potentially significant tax at stake. After all, as he said more than once, it's only "fair".Comment
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There is a limit to the amount you can sell. 6 cars per year.Originally posted by hyperDThe court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Ah yes, "fair". Whatever could this government explain their policies without this magical, all policy encompassing word such as fair?
That's the same dichotomy of fairness as in "you're an employee under tax rules, but not under employment rules"...If you think my attitude stinks, you should smell my fingers.Comment
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Bagpuss my good man, where on earth is that mentioned (escuse my ignorance?!?)Originally posted by BagpussIf you think my attitude stinks, you should smell my fingers.Comment
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