What you sell second hand you have to declare in the Income: that’s how it’s done

In the week in which , it is worth remembering one of the aspects that most goes unnoticed by taxpayers but in which the Tax Agency will pay more attention in the coming months. With a view to an increase in inspections, the Treasury has always made it clear that the profits obtained from the sale of .

Wallapop, Aliexpress, eBay or Alibaba have become a common place for the exchange of goods online in recent years. Pages that increasingly connect more transactions of a product for money and for which the Treasury does not want to lose a single euro of its share.

Thus, with regard to the Income that can begin to be presented from this Wednesday, April 7, it will be necessary to include in it all the income that has been obtained through these applications. As if it were offline commerce, the traditional one, the treasury marks that there is a profit that must be taxed at the moment an item is sold for a price higher than the one that was purchased.

You are only exempt from these earnings when the transaction is carried out by businessmen or professionals in the exercise of their professional activity.

Understood as a capital gain, the benefit must go in its corresponding box on the declaration and regardless of its amount and its means of payment (logically, the Tax Agency pays more attention to high yields and when they occur routinely). In addition, from the sale of second-hand products, only transactions “carried out by businessmen or professionals in the exercise of their business or professional activity” are exempt from tax.

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How much do you have to pay for income?

Knowing that only profits that exceed the value of the expenses paid for such a product are taxed, in the practice of second-hand sales something unusual, only the ‘masters’ of this trade must go through the Treasury.

Thus, regardless of the autonomous community, all products will be taxed at a tax rate of 19% up to the first 6,000 euros. If that amount is exceeded, the next 44,000 euros will be taxed at 21% and, above 50,000 euros, at 23%.

Buyers must be taxed at 4%

For their part, and as far as buyers are concerned, they are not exempt from having to declare their purchases. As with sales and how it is understood as if it were a normal transaction, .

As it is not subject to VAT, any operation in the second-hand sale must be considered as a transmission taxed in the Patrimonial Transmission Tax (ITP). In the modality of Onerous Patrimonial Transmissions, in this way the lien is liquidated and within a period of one month from the purchase.

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