You have to declare all income. Selling your stamp collection doesn'tTumbleweed said:As this is effectively a hobby for you (it would appear) I wonder if you
have to declare your income in this respect? Does anyone know what the rules
are on hobbies, or are you meant to declare all income however small? For
sake of argument, If I sold 1/2 my stamp collection for £100, do I have to
provide income - though it might have capital gains tax implications.
We [the newsgroup] went through all this in the old ebay thread ...