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I dabble with domains on the side, but have recently sold a few for reasonable sums of money.
In the past I treated it like selling junk on ebay and didn't worry too much about the tax implications, but as the income from it has increased I want to understand more.
I'm familiar with capital gains tax, and from what I've read this is what I think applies, but it seems like a bit of a grey area for an individual that flips domains almost as a hobby.
Anyone in the UK with any experience?
In the past I treated it like selling junk on ebay and didn't worry too much about the tax implications, but as the income from it has increased I want to understand more.
I'm familiar with capital gains tax, and from what I've read this is what I think applies, but it seems like a bit of a grey area for an individual that flips domains almost as a hobby.
Anyone in the UK with any experience?