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Posted: Fri Jan 29, 2010 1:35 pm
by Michael2074
My parents no nothing about ebay but have some stuff to sell.
I said i would help them out but the paypal payments would then go into my account, which i guess would/could be seen as an income when it is not.
Will this create problems for me?
Thanks.
Mike
Posted: Fri Jan 29, 2010 1:37 pm
by kentmikey
Hi Mike
Could you not set up a paypal account for your parents and connect it to your ebay account?
Mikey
Posted: Fri Jan 29, 2010 1:39 pm
by Michael Peoples
I doubt if your IP would be bothered about your PayPal account anyway. You may need to be careful if you operate a business via Ebay and ensure you do not end up paying tax on the money.
Posted: Fri Jan 29, 2010 11:13 pm
by kallis3
I have a Paypal account into which payments go when I have sold anything, and I use that to fund my spending on there. As long as it's not a business, as Michael says, then if you choose to sell your unwanted belongings, it's not a problem.
I've never declared my account at all.
Posted: Sat Jan 30, 2010 12:04 am
by MelanieGiles
No problem at all - just explain the truth to your IP if this is ever questioned (which I doubt it will be) and all will be well.