Reselling on second-hand platforms is now subject to taxes in the U.K. YPulse has long told you the resell economy is booming in Western Europe, especially among young people, due to the tough economy and this gen’s growing concerns for the environment. With Gen Z increasingly turning to Vinted, Depop, eBay, and other platforms to sell items, the British government has decided it’s time to tax these side-hustle earnings. Gains from reselling are now subjected to taxes for anything above the £80 monthly trading allowance. (Fortune)
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