Short answer: It depends on the circumstances, because occasionally selling your own household items is generally treated differently from regularly collecting and selling scrap for profit or selling scrap produced by a business, so the safe approach is to keep records, check the current guidance from the tax authority for your situation and speak to an accountant if you are unsure whether your sales count as income.
Want a clear record? Every ScrapTrade offer and sale is documented.
List Free →Why occasional and regular selling are treated differently
One-off sales of unwanted household items are usually considered differently from an ongoing activity carried out to make a profit, and the difference can change how the money is treated.
Why businesses generally include scrap income
If scrap comes from a business, such as offcuts from trade work, the proceeds are usually part of that business’s income, so they belong in its records.
Why this site cannot give tax advice
Rules change and depend on individual circumstances, so this general information is a starting point only, and an accountant or the tax authority can confirm how your own sales should be treated.
How ScrapTrade Fits In
ScrapTrade keeps a record of each sale, which makes it easier to give an accountant exactly what they need.
Good records make selling scrap simpler. ScrapTrade documents each offer and sale, with verified buyers, transparent weighing and escrow-protected payments.
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