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Topic starter
19/09/2011 3:51 pm
Hi Folks,
If I was to sell something on Ebay, is there a value or limit applicable that might lead to a trustee having an interest in the money received for it? Most things bought on ebay are paid for using paypal and therefore this will show up on back statements. Do you have to declare these payments?
SkintAlly
19/09/2011 3:54 pm
If its a personal item you are moving on I don't think so - I sell a lot on eBay when I have finished with it - e.g. games, DVD's etc.
I've never been called up about it.
19/09/2011 3:59 pm
Hi SkintAlly.
I agree with Scotslad. If you are disposing of unwanted items that you own already there should be no problem.
That might change if you were seen to be "trading" on Ebay and via Paypal. For example, if you purchased stock and then sold it that way it could be seen as a business activity that would be generating an income or profit in excess of that you had made the Trustee aware of.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
19/09/2011 4:17 pm
Excellent, thanks guys. It would just be personal stuff
SkintAlly
