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Selling personal items online doesn’t lower income tax; losses only offset capital gains, and only sales over £6,000 may trigger tax.
HMRC has confirmed that losses from selling personal items, such as online via eBay or Vinted, cannot reduce income tax.
These losses only offset capital gains, not income.
Items worth £6,000 or less are generally exempt from capital gains tax (CGT), and losses on them cannot be claimed.
Gains on items over £6,000 may be taxed at 18% for basic-rate taxpayers or 24% for higher-rate taxpayers.
Only gains above the £6,000 threshold must be reported.
HMRC advises using a government tool to determine if online sales income must be reported.
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La venta de artículos personales en línea no reduce el impuesto sobre la renta; las pérdidas solo compensan las ganancias de capital, y solo las ventas por encima de £6,000 pueden generar impuestos.