Hoses Posted February 13, 2019 Share Posted February 13, 2019 Hi! I'm upgrading from a laptop (older high end MacBook Pro that was passed down to me from my dad), selling it and using that money to build my own PC. The MBP is good but it's always got quite noisy and as I'm doing a lot more gaming and graphics design things it's getting quite annoying. Because the spec it's still got some value so it'll be a good contribution to the PC fund! However I was wondering whether I'd be liable to any taxes on it or not? I'm finishing college and have a part time job that puts me just under the personal allowance amount here in the UK according to this tax calculator. Would I be paying any taxes on this or not? Hopefully someone here knows better than I do, which right now won't take a lot Thanks! Link to comment Share on other sites More sharing options...
Moderators nukecad Posted February 13, 2019 Moderators Share Posted February 13, 2019 You don't pay tax for occasionally selling unwanted possessions. It's only if you are selling things regularly, for a profit, that tax becomes an issue. https://www.theregister.co.uk/2007/02/09/ebay_uk_traders_tax_guidance/ Quote "As long as you are not buying goods with the intention of selling them at a profit, you are not regarded as a trader," it says. "This means you do not have to notify us and declare the income on your tax return." *** Out of Beer Error ->->-> Recovering Memory *** Worried about 'Tracking Files'? Worried about why some files come back after cleaning? See this link:https://community.ccleaner.com/topic/52668-tracking-files/?tab=comments#comment-300043 Link to comment Share on other sites More sharing options...
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