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If you sell products or services online, you need to understand whether you are doing it as a hobby or carrying on a business. The questions below can help you understand whether your online selling is a hobby or a business.

Every 'yes' answer cheap online trading australian clothing stores the likelihood you are carrying on a business - but you need to consider all of your answers to gain a complete picture of your situation.

If you set up a 'shop' on an online trading or auction site, you are likely to cheap online trading australian clothing stores carrying on a business - especially if you paid fees to operate this 'shop'. If the online space looks like a shop, has a brand name, proper business name or any other signs that people would likely to expect from a business, you are likely to be carrying on a business - especially if you paid fees for this to occur.

If you sell items online because you intend to make a profit, then you are likely to be carrying on a business. For example, if you deliberately buy items to sell online for more money than you paid, then you are likely to be carrying on a business. However if you sell household goods or possessions that you don't want anymore, although you may get a 'good' price it is unlikely to be a business. If you charge more for items than they cost you, then you are likely to be carrying on a business.

For example, if you make or buy an item cheaply and then sell it online for significantly more than you paid for it, then you have made a profit and might need to declare that income. If you do this regularly, you are more likely to be carrying on a business. If you sell items in the same way and timeframe as a business in the same industry, then you cheap online trading australian clothing stores be carrying on a business.

Is what you are selling online similar or the same as what might be sold in a 'bricks and mortar' business? If the items or services you are selling are commonly available or reasonably easy to find in a physical store, then you are likely to be carrying on a business. She lists them on the internet for individual sale. Some of the items sell for more than her buying price, some for less. Shari Belmont pays for a store online to sell antique items from her grandmother's estate after her death.

During this time, Shari discovers she enjoys the activity and starts looking for other antiques to sell. She goes to garage sales, antique shops and op shops. She pays cash for the antiques, has them repaired if needed, and sells them on her online store. Shari considers this is a hobby, as she only cheap online trading australian clothing stores on the weekends and has a full- time job as an office worker.

Although she doesn't pay to advertise, she has more than a thousand visits per month to her website via a Facebook page she has set up, where she posts photos and details about the items for sale. Her Facebook page is shared by many people in the antique-buying community. Shari is carrying on a business, even though her sales started off as a hobby. She should declare her online income because she:. The sales from her grandmother's estate do not need to be declared as income, but her other sales should be declared as income.

If you're an artist, creative or maker and receiving or plan to receive money from creating things such as jewellery, paintings or baked goods, you can use the Hobby or Business tool on business. Show download pdf controls. Online selling — hobby or business?

Selling online The questions below can help you understand whether your online selling is a hobby or a business.

Did you set up your online sales with the intention of being a business? Do you pay for your online-selling presence? Is your main intention to make a profit? Do you make repeated or regular sales? If you sell items online on a regular basis, you are likely to be carrying cheap online trading australian clothing stores a business. These sales could be to the same customer, or a number of different customers. If cheap online trading australian clothing stores make the items you sell online, do you charge more than they cost you to make?

Do you manage your online-selling activity as if it was a business? If you do any of cheap online trading australian clothing stores following, you are likely to be carrying on a business: Example — Selling online as a hobby Marika wishes to clear an excess of clothing from her wardrobe. Marika is not carrying on a business because she: Example — Selling online as a business Shari Belmont pays for a store online to sell antique items from her grandmother's estate after her death.

She should declare her online income because cheap online trading australian clothing stores

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