This is one of the effects of the purchasing power crisis. To make ends meet, more and more French people are reselling Christmas gifts they don’t like, clothes they no longer wear, decorative items and even their smartphones on platforms such as such as Vinted, Le Bon Coin, eBay, Facebook or even Vestiaire Collective.
According to an Ipsos study for eBay, average annual earnings from online resale have already fallen from €194 in 2019 to €236 this year.
If in many cases, this income does not have to be declared and is not taxable, be aware that this exemption is not systematic and online platforms are also required to send you a tax receipt each year. of all your transactions.
The principle of “punctual” second-hand resale
Resales of second-hand objects and clothing, provided they are not carried out on a professional basis (purchase or manufacture for resale), do not have to be declared if you have carried out on the same site less than 3,000 euros in revenue and less than 21 transactions.
Beyond these two thresholds (combined), you must declare your income. Your activity may also be considered by the administration as professional and your taxation will depend on the amount and type of goods and services sold (BIC, BNC, micro BIC, mixed commercial activities, etc.).
The second-hand resale of furniture, household appliances or automobiles – excluding collectibles and antiques – is exempt from tax..
For other goods, this exemption applies up to a value of 5,000 euros. Above this amount, the tax regime for capital gains on the sale of movable property applies (36.2%, including 17.2% social security contributions). Your capital gain must be declared annually on your income tax return by completing form 2092-SD.
Professional resale
Resale on a professional basis (purchase or manufacture for resale, volume and value exceeding the threshold of €3,000 and 20 transactions per platform) must of course be declared. SUnder the threshold of €176,200, income is taxable either under the so-called “micro BIC” scheme (income tax scale on 29% of revenue, exemption under €305 of revenue) or under the “real” scheme corporate tax. Beyond that, the actual corporate tax regime applies.
To know
Your carpooling income is not taxable if the activity is a means of cost sharing. If you “margin” on the other hand, your income is subject to the BIC. Service activities such as tutoring or sports lessons are taxable as non-commercial profits (BNC).
Special cases: the flat-rate tax on precious objects
Even in the context of a one-time and non-professional resale, certain objects are however subject to a specific tax. These are precious items, which cover the following items:
- precious metals : gold, platinum, silver, including coins after 1800.
- Works of art and antiques : handmade paintings and paintings, original engravings, prints and lithographs, signed and numbered art photographs within the limit of 30 copies, furniture, carpets, tapestries and antiques over 100 years old, statues and sculptures originals, original enamels and ceramics (executed by the artist), books and manuscripts, handmade carpets and wall textiles, based on original cartoons provided by the artist in the limit of 8 copies, elements of more than 100 years forming an integral part of artistic, historical or religious monuments and resulting from the dismemberment of these.
- Jewelry (composed or not of a precious metal, and including “worked” gold and silver objects), watches and diamonds.
- Collectibles : this character is established, on a case-by-case basis, under the control of the tax judge, taking into account several criteria, such as rarity, seniority, valuation, origin, historical interest or even the fact that it belonged to a famous person. This category includes a set of goods, such as postage stamps, coins prior to 1800, or collector’s vehicles.
A tax of 6.5% or 11.5% of the amount of the sale
The amount of this flat tax, corresponding to a percentage of the proceeds of the sale, is 6% or 11% depending on the category of the object, to which is added 0.5% of CRDS (contribution for the repayment of the social debt). This tax does not apply to gratuitous transfers, such as donations or inheritances.
Precious metals are taxed at 11% of the sale price, whatever the amount, while works of art, antiques and collectibles as well as jewelery are exempt from the tax if the proceeds of the sale do not exceed €5,000. Beyond, the flat rate tax is 6% of the sale price.
The option of the capital gains regime
Note that you can opt for the capital gains on movable property regime instead. This option can be advantageous thanks to the allowance for duration of detention (leading to a total exemption after 22 years), but it requires having all the supporting documents to prove the date of purchase and the acquisition price. . This can be complicated for family heirlooms or fungible assets like coins.
The payment of the tax
The declaration and payment of the tax must be made within one month of the transfer. The form to be completed is form n°2048-M-SD. If you opt for the capital gains on movable property regime, the capital gain must be declared on your income tax return by completing form 2092-SD.