Home > Is it legal to buy and then resell things on ebay for the purpose of income without declaring it?
Is it legal to buy and then resell things on ebay for the purpose of income without declaring it?
- By Admin
- Posted On June 17, 2011 At 3:31 pm
- In Category eBay & Online Auctions
I’ve had to buy a couple things on ebay recently and i’ve noticed that the same items sell for a lot more or less depending on the way they are listed. (pictures, description etc.) It’s become obvious to me that this disparity could be exploited to make some easy money, maybe £50 a week on average. Is this legal in the UK without declaring it on tax forms?
i think
yes its legal…you don’t need to put this on tax forms…
it’s illegal in the US. i would only assume its illegal in the UK
Yes, people who buy stock, buy low sell high? No different in E-bay
The income you get from selling items on eBay is just like the income you get from any other business: it is taxable, at least in theory. In practice, many get away without declaring profits from their eBay sales just because they’re hard for the government to track. If you want to be strictly within the law and legit, though, you should be paying tax……but for 50 week, i would not worry bout it
It’s not legal to sell the products you don’t have the right to sell. Some times you can buy a product for personal use. Other times you can buy a product with it’s resell rights. If you have the resell rights It will be legal to resell the product.Furthermore, you can buy private label rights where you can legally put your name on the product.
You can get endless resell rights and private label rights for endless products at this site
http://33821jtkq5pv4te7uah3sd4t98.hop.clickbank.net/