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Everything posted by George

  1. Every eBay seller has to give their name, address, cc details at time of registration. Every eBay transaction (sale) is available for scrutiny by the tax authorities (English/French/US etc.) During a rather expensive run-in with a not very friendly UK tax inspector I was told the following :- "Sir, you sell an item on eBay - aquired 20 years ago, bought last week, inherited or found at the roadside - if I (tax inspector) think you placed that item on eBay to make a profit.......then I shall treat that profit as taxable income"   Forget about capital gains etc.  they class it as TRADING!
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