Hi 🙂 I'm looking to get rid of a bunch of old hardware I have lying around. I was wondering if selling it off would count as taxable income, as I will more than likely profit from it (a lot of it I got super cheap from a company I used to work for who burnt through equipment hilariously quickly...). Looking at this income calculator tool I would go into the next tax band if it was taxable and sold for what I'm looking to get out of it. Should I be bothered about this? It's a fairly significant amount of hardware and definitely a decent amount of money so it wouldn't surprise me if the government would want a slice of it. This can only really be answered by someone who knows the UK tax system/laws, but any input will be much appreciated!
Thanks in advance 🙂
Edit: added link and deleted dupe post that contained link.
Thanks in advance 🙂
Edit: added link and deleted dupe post that contained link.
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