Do I have to pay any tax if I sell a used tablet of mine here on eBay and if so, how much?

Hi,

 

I have a used tablet that I want to sell so on eBay. Let's pretend that I've bought this tablet for $800, and now I am selling it on eBay for $400. Also eBay takes a chunk of this $400 (I think 20%, right?) so in the end let's assume I earn $320.

 

Do I have to declare this as revenue for taxation purposes, even though in practice I haven't earned anything (I had purchased the device for $800, I had paid GST for it, and now I am selling it for $320, so in practice I have lost $480).

 

Furthermore I am not a full-time seller. I only ocassionally sell my used items here on eBay.

 

Thanks in advance.

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Do I have to pay any tax if I sell a used tablet of mine here on eBay and if so, how much?

No, selling your second hand goods from your home n garage doesn't incur tax.

 

If you started buying to resell, that would incur tax.

 

eBay fees are 9.9% in most categories capped at 250 and if you are paid in PayPal there is a fee also of 2.6% plus 30c.

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Do I have to pay any tax if I sell a used tablet of mine here on eBay and if so, how much?

no

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Do I have to pay any tax if I sell a used tablet of mine here on eBay and if so, how much?

No, selling your second hand goods from your home n garage doesn't incur tax.

 

If you started buying to resell, that would incur tax.

 

eBay fees are 9.9% in most categories capped at 250 and if you are paid in PayPal there is a fee also of 2.6% plus 30c.

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Do I have to pay any tax if I sell a used tablet of mine here on eBay and if so, how much?


@kopenhagen5 wrote:

No, selling your second hand goods from your home n garage doesn't incur tax.

 

If you started buying to resell, that would incur tax.

 

eBay fees are 9.9% in most categories capped at 250 and if you are paid in PayPal there is a fee also of 2.6% plus 30c.


You will also be charged GST on your eBay fees,(eg: 10 % of your 9.9% eBay fee that they charge on your

 

Final Value Fee's and postage).

Use caution selling a tablet or any other similar items as they are targets for scammers.

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Do I have to pay any tax if I sell a used tablet of mine here on eBay and if so, how much?

Tazz, If the OP hasn't sold it by now, reckon it might be a little dated. Smiley Wink

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Do I have to pay any tax if I sell a used tablet of mine here on eBay and if so, how much?


@kopenhagen5 wrote:

Tazz, If the OP hasn't sold it by now, reckon it might be a little dated. Smiley Wink


Another OUTDATED thread that should never have been resurrected,(I didn't look at the date of the last reply

 

before replying).

 

I'll report it for Inappropriate Content,

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