Second Hand Goods

[wonder]

Hello
Does anyone have advice on selling second hand goods online.
Also how do you work out tax on second hand goods.
how do you keep book on price you bought is tax on the difference between price you paid and price you sold at.

Does ebay automatically take tax.
Any advice would be appreciated or links to info.
thanks

[accountantpete]

Hi Wonder.

What sort of volume of goods in £'s are you anticipating selling and will this be a regualr source of income or a one-off?

[Peter W]

VAT on second hand goods can be a bit involved. You could take a look at the HMRC guidance.

[erikko]

I am also planning to set up a second hand goods business. Your tips are helping me out.

[Jonathan1979]

depends really id say second hand goods can turn some customers away on the type of business. But depends on the product really as in some cases it can be successfull as in the video games market.