Overview

• HMR C reiterated that sales of personal possessions below £6,000 are not taxable, responding to a query from an eBay user asked for a National Insurance number.
• Digital platforms such as eBay must share seller sales data and limited personal details with HMRC under rules that took effect at the start of 2024.
• Reporting applies when a seller disposes of 30 or more items in a calendar year and receives roughly £1,700 in proceeds, according to government guidance.
• HMRC directed the seller to GOV.UK guidance and an online tool to check whether additional earnings need to be reported.
• Capital gains tax may be due on items sold for more than £6,000 at a 24% rate, while HMRC stresses the regime is not a new tax and occasional sales of unwanted items generally do not create a liability.