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International · 2 hrs ago

When is selling clothes or other items online a hobby vs a business? These are the tax rules

mixetto/Getty Images It’s now easier than ever to sell your unwanted clothes or household items online in Australia. Many popular sites, from eBay, Depop and Facebook Marketplace to newly arrived competitors like Vinted, have either scrapped or limited their seller’s fees, depending on the location, value and number of items sold. So when do you need to declare your online sales income to the Australian Taxation Office and pay tax on it? The answer can be as messy as your wardrobe. Be aware…
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