The second-hand market is gaining more and more followers among the population. Platforms like Wallapop o Vinted They are having a great boom, since users can sell items that they no longer use or buy others at a much lower price and much easier and faster.
So much so that many users have gone from selling items on a one-off basis to using these platforms to obtain some profitability. But selling items and making money for free, while it may sound attractive, is not entirely true. The Treasury monitors and does so more and more on users who do not report to the treasury after the sale of certain products. But, is it necessary to declare the sales of everything that is sold in Wallapop and other similar platforms?
Who and what must be paid to the Treasury?
From a legal point of view, when using platforms such as Wallapop, eBay, Vinted o Vibbo, there is an obligation to pay taxes. However, the key lies in knowing whether or not there has been a capital gain, that is, if the seller has obtained an economic benefit from the sale of a specific item. “You would only have to pay income tax if the amount of the sale has been higher than the purchase, which is not usual in this type of platforms, since normally products are sold for a lower price than the price at which they are sold. bought originally ”, they explain from TaxScouts in Finect’s Office.
Therefore, if it is sold below the purchase price, the treasury will understand that there is no profit and no taxes should be paid. Now, if a product is sold with a capital gain, this must be included in the tax base of savings. That is, if an item that was originally worth 500 euros is sold and its value has revalued over the years to 1,000 euros, taxes must be paid on those 500 euros of profits, which, in this specific case, would be 19%.
“In general, in this type of platform it is not usual, but if you dedicate yourself to selling products that can increase in value, such as cars, there would be a capital gain and we must include it in the savings base”, point out the tax experts at TaxScouts. In fact, in these cases, if the frequency with which the sales operations are carried out is usual, the tax agency will understand that an economic activity is taking place and the performance should be included in the general tax base.
And the buyer? Do you also have to pay?
Although when you think about the sale of items, the payment of taxes is associated only with the seller, the truth is that buyers also have to pay taxes, since they will have to pay the Patrimonial Transfer Tax O E.T.C.
This tribute must be paid within 30 days after the purchase of the product through form 600 of the AEAT (620 for second-hand cars). It is a tax assigned to the autonomous communities and, although it may be thought that this tax is only paid when it comes to large purchases, the truth is that it includes any type of purchase. In general, purchases will be taxed at 4% on the value of the property, although the percentage may vary depending on each autonomous community and the bonuses that are applied.