Collectible Sales Online: Self-Assessment?
Evening all,
In August 2025 I dug out my old collection of card collectibles (and similar items) and began listing them on EBay.
In the period August 2025 to April 2026, I sold 50 items totalling roughly £1,100, all of which were part of my previous collection. I also purchased 11 items totalling £200 to complete half finished sets etc, that are unsold and unlisted (and I intend to keep).
Do I need to register for self-assessment for 25/26? Although sales are over £1,000 in the period, I don’t think I meet the criteria for trading given I haven’t bought any item and subsequently sold it, but I’m seeing mixed advice online.
If I do need to register, what is my cost base for my sold items, given they were bought 15+ years? Or is the full £1,100 taxed?
Any input much appreciated.