"Dave Liquorice" wrote in message
ll.net...
On Wed, 30 Jan 2008 23:40:59 +0000, Spacker wrote:

Nonsense. If it wasn't a trade sale, and it wasn't bought specifically
to sell, there will be no tax. You don't pay tax when you sell your
own property.

Incorrect. You pay tax on any gains. If you bought a watch for personal
use for £300 and sold it later for £500 you would be liable for tax on the
£200 difference. The chances are though that most things bought new and
later sold are not likely to be sold for more than you paid for them.

How much you charged for delivery would have no affect on that.

Any charge less actual costs is taxable.

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Small point: yes, taxable as a gain, but if over your CGT limit.