With the 2022 Income campaign underway since April 11, millions of taxpayers begin their particular financial sudoku to present the income statement or personal income tax (Personal Income Tax). A good number of elements come into play in this balance of the year, such as payroll, benefits, rents, the reimbursement of investment funds, cryptocurrencies… But, what happens with other practices that a priori seem alien to this annual procedure? A good example is the income obtained from the sale of second-hand products on digital platforms. Do I have to declare the 2022 sales in Wallapop, Vinted or MilAnuncios?
The truth is that the Tax Agency has been carrying out a couple of campaigns carrying out a special accounting of the operations of goods sold online and also physically between individuals, since more and more people are using the platforms dedicated to the purchase and sale of goods. second-hand products between users through the Internet.
So yes, taxpayers who make use of these tools for the sale of objects have to pay attention to the section “Equity gains and losses derived from transfers of other assets” (from box 1624) of the documentation to be presented in the model 100 of the Income.
However, not all Wallapop or Vinted operations should be reflected. In fact, the only sales that must be declared are those that exceed the original value of the product; For example, if a person has sold an aquarium for 150 euros that cost him 100, he must declare the profit obtained of 50 euros. This is so because, in this situation, the Treasury considers that there is a capital gain and must be recorded in the Personal Income Tax (IRPF).
In this sense, it is time to pay special attention to collector’s items and works of art, which over time tend to charge a higher market price.
The seller is required to pay the following taxes on profits:
For his part, the buyer must declare the property, having to assume 4% of the price paid for the property, filling in form 600 that the Tax Agency uses for the Tax on Patrimonial Transfers in its modality of Onerous Patrimonial Transfers.
What has been exposed up to now is valid for any sporadic sale with which some benefit has been obtained. Another different thing is when goods are traded on a recurring basis, both physically and on the Internet. And it is that, if the income exceeds the Minimum Interprofessional Salary (SMI) per month, that is, 1,000 euros gross per month in 14 payments, the Tax Agency understands that it is an economic activity subject to taxation, so the seller must register as self-employed, declare VAT and comply with the rest of the fiscal and tax obligations in the corresponding terms.
According to the criteria of The Trust Project