Selling clothes or toys on Vinted can bring in a little extra income. But should these amounts be declared for taxes? It all depends on the number of sales made and how much you earned from them.
Second-hand sales sites are on the rise. More and more French people are using them and France has even become the leading market in the world for Vinted with 23 million users. But if it is very simple to buy and sell on these platforms like Vinted, Leboncoin or even Ebay, users must respect certain conditions, in particular in order to be in good standing with the Tax Administration. But then, should sales of personal items be declared for taxes or not?
Did you sell your little one’s stroller, a pair of shoes and a few books last year? Don’t worry, there is absolutely no need to declare the income from these sales to the tax authorities. When it is only an occasional activity of reselling second-hand items and the income from these sales does not exceed 2000 euros, or 30 sales per year, they are not taxable. You therefore have nothing to do or declare to the tax authorities. On the other hand, if you have exceeded this limit (of income or number of sales), the sales platform is obliged to communicate the history of its users’ transactions to the Tax Administration each year. But again, since the sale of personal items is not taxable, you will not have to pay taxes.
However, there are special cases. This is for example the case for transfers of precious metals or, when their transfer price is greater than 5,000 euros, of jewelry, works of art, collectibles or antiques. You are then subject to the flat-rate tax on precious objects, which you must pay within the month of the transfer using form no. 2091 available on the tax website.
For all other goods whose transfer price is greater than 5,000 euros (excluding furniture, household appliances or automobiles which are exempt) you are subject to the capital gains tax regime on the transfer of movable property at the rate of 19%. . You must pay the tax corresponding to the capital gain within the month of the transfer using form no. 2048-M.