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does the effect my benefits?
- laura.dorans
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6 months 1 week ago #290975 by laura.dorans
scottishlemonade
does the effect my benefits? was created by laura.dorans
if i will stuff on ebay will it effect my benefts, like will i get done for benefit fraud? i currently claim ESA and ADP
scottishlemonade
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- Chris
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6 months 1 week ago #290982 by Chris
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Replied by Chris on topic does the effect my benefits?
Hi laura,
You are allowed to sell up to £1,000 worth of items I believe. After that, I think you have to submit tax returns. I will see if there's a link to explain for you more in depth.
Chris.
You are allowed to sell up to £1,000 worth of items I believe. After that, I think you have to submit tax returns. I will see if there's a link to explain for you more in depth.
Chris.
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6 months 1 week ago #290983 by Chris
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Chris on topic does the effect my benefits?
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6 months 1 week ago #290989 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic does the effect my benefits?
Chris
The £1000 reference is in regard to Tax, not benefits. Note, I am not confirming the £1000.
You can sell goods that you already own without penalty, however, the income will be considered as capital and count towards the £6000 and £16,000 limits for legacy Income Related ESA and UC.
If you buy goods to sell then the profit you make will be treated as income and will have to be declared if you are receiving Income Related ESA or UC. There is a £20/week disregard for ESA and of course UC has the Earnings Disregard.
Gordon
The £1000 reference is in regard to Tax, not benefits. Note, I am not confirming the £1000.
You can sell goods that you already own without penalty, however, the income will be considered as capital and count towards the £6000 and £16,000 limits for legacy Income Related ESA and UC.
If you buy goods to sell then the profit you make will be treated as income and will have to be declared if you are receiving Income Related ESA or UC. There is a £20/week disregard for ESA and of course UC has the Earnings Disregard.
Gordon
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- laura.dorans
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6 months 1 week ago #291001 by laura.dorans
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6 months 1 week ago #291003 by Chris
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Chris on topic does the effect my benefits?
Hi Gordon,
Thank you for clearing this up - much appreciated
Chris.
Thank you for clearing this up - much appreciated
Chris.
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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