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Selling off stock parts - tax question?

General wheel-related discussion. Talk trends, discuss sizes etc

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Selling off stock parts - tax question?

Postby Mauder » 17 May 2018 15:28

Hi! I'm going to be replacing bits and bobs off my Mk6 Golf - I was wondering if I would be liable to income tax on these? I'm not sure how tax on sales works as I've never really sold anything of value but some of the parts I'll be replacing can be sold for a pretty penny (mainly engine bits, couple interior pieces, external styling) I've looked at sites like this online tax tool (https://www.income-tax.co.uk/) but can't find much about tax on sales. Could someone help me out? Would be much appreciated :)
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