From Facebook Marketplace to Vinted, online selling has become an easy way for Australians to clear out unwanted items or make extra money. But when does casual selling cross the line into taxable income?
In this SBS Hindi interview, tax agent Nitin Saby breaks down what you need to know:
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Decluttering vs. Business: Selling personal second-hand belongings isn’t taxable, but buying items with the intent to resell them for a profit counts as business activity.
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Frequency & Intention: How often you sell, your profit motives, and whether you operate systematically all factor into how the ATO views your transactions.
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ATO Oversight: With enhanced data-matching across online platforms, regular sellers need to stay aware of their reporting obligations.
Listen to the full audio conversation below to find out where your sales stand and when you might need to declare them.
Disclaimer: The information in this podcast is of a general nature and for educational purposes only. Contact a professional tax agent for advice tailored to your specific situation.
listen to the original audio: Access the full conversation on SBS Hindi here.