Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Curious.. is this considered an income?

35 replies

Usernumber737373726363 · 22/01/2023 18:33

so say someone was buying and selling stuff at a rapid rate? They go to car boots, flea markets, auctions and buy off Facebook etc and buy some old or faulty items and spend some time doing them alongside their normal job (although signed off their official job at the minute for various reasons) and selling them via Facebook or eBay. Does it count as an income? If they are selling items for often hundreds, even sometimes in the thousands? I’m not sure how much profit is made, some items are probably found to be unfixable but other items can be fixed and sold on at a decent price.

this is not or dh but someone we know! Just genuinely curious really!

I am all for people making money where they can in the current climate but concerned about what kind of issues making money like this can cause?

their garden is like a bloody scrap yard!

OP posts:
hilariousnamehere · 22/01/2023 19:05

Flapjackquack · 22/01/2023 19:04

In fairness to OP sometimes it’s not obvious whether it is a trade or not, sometimes things fall under Capital Gains Tax and wasting chattels etc, rather than Income Tax and you have to look at badges of trade. It’s not always as clear cut as making a profit or not.

Fair play, but am always fascinated when people ask these questions about someone else - why would it matter to you if your neighbour did their tax return wrong?

Maybe I'm just weird 😅

Flapjackquack · 22/01/2023 19:09

hilariousnamehere · 22/01/2023 19:05

Fair play, but am always fascinated when people ask these questions about someone else - why would it matter to you if your neighbour did their tax return wrong?

Maybe I'm just weird 😅

Oh yeah I have no interest in my neighbours/friends/relatives tax situations but if my children’s father wasn’t paying maintenance I’d probably be more interested.

LakeTiticaca · 22/01/2023 19:12

I'm confused that you think they shouldn't be doing it. Why not? Unless they are making 100s of thousands and should be paying tax, there's nothing wrong with it. In fact it's probably very good for the environment if he's recycling junk. Lots of people have side hustles to earn a bit more money. You should mind your own business

thirdtimeluckyorwhat · 22/01/2023 19:14

Why don't you mind your own business

hilariousnamehere · 22/01/2023 19:15

Flapjackquack · 22/01/2023 19:09

Oh yeah I have no interest in my neighbours/friends/relatives tax situations but if my children’s father wasn’t paying maintenance I’d probably be more interested.

This is a good point I hadn't considered!

PizzaPizza56 · 22/01/2023 19:18

Yes it is, my brother has to complete a tax return for what he makes on ebay

amylou8 · 22/01/2023 19:32

Yes of course it is. I do something similar as a full time job, all declared and legal. I wonder if my neighbours are curtain twitching too.

Newlifestartingatlast · 22/01/2023 19:36

Fizzadora · 22/01/2023 18:55

Why do you think they shouldn't be doing it? It's called trading. Buying something for a low price, fixing it up if necessary and selling it on. Many, many individuals and companies do it. It is the premise of business (think Tesco)
There's a chap down the road from me makes some lovely garden and small furniture items from old pallets that he collects for free and sells from his front garden after advertising on the local Facebook page. If he makes enough money he should pay tax on the profit and then maybe get a shop.
Or is it just the 'garden looks like a scrapyard' element that's getting to you😃

he probably should check his deeds or tenancy. A lot have restrictions or covenants against operating a business from the home.
or, if it’s a bother you can get a copy of deeds for small price form land registry and check yourself to write a letter to order him to desist.
just saying 🤷🏼‍♀️

Usernumber737373726363 · 23/01/2023 14:04

amylou8 · 22/01/2023 19:32

Yes of course it is. I do something similar as a full time job, all declared and legal. I wonder if my neighbours are curtain twitching too.

It’s not a neighbour!

OP posts:
Usernumber737373726363 · 23/01/2023 14:08

Thanks all. Late reply. Basically this is not a neighbour. I’m not ‘curtain twitching’. It’s a man who pays very little for their child and hardly sees them either, despite that they have bragged about a promotion in their usual job and does this on the side. That’s all.

Because they are working their usual Monday-Friday job and then doing this during evenings and weekends they are ‘too busy’ for their child.

I am not going to dob them in. I couldn’t care less that they are doing this. More so that their main priority is making as much money as poss and their child sees very little money or time from this ‘parent’!

OP posts:
New posts on this thread. Refresh page