Hi! The steering rack in my car went a week or so ago and I've been stuck with no car since, and a £500 bill to pay. I've been selling off stuff in anticipation of the bill as I don't want to dig into savings but also want to eat this month.I was wondering if I sold a chunk of my LEGO sets on my business eBay account would I end up paying tax on them? I am registered as a sole trader and declare my income from that shop as such, but I don't know whether I'll need to declare these if I sell them through the business account. Does anyone here have any advice? I've used this tax calculator and been able to figure out what tax I would pay with the money I'd likely get from the LEGO, which would be a decent chunk of it gone. Should I be paying this?
Sorry if this is a slightly unorthodox question but hoping someone here could answer :)
Thanks!