Tax deductions for online sellers & resellers

It turns on whether the activity is repeated and organised, run in a business-like way, and carried on with the intention of making a profit. Occasional sales of your own second-hand belongings are usually not a business; regularly buying or making goods to sell generally is. This is general information, not personal tax advice — what you can claim depends on your circumstances, so check with the ATO or a registered tax agent, and keep records to back up every claim.

Business income is declared regardless of amount — the tax-free threshold applies to your total taxable income, not to each source separately. So a small side income is still declared, then taxed according to your overall position. This is general information, not personal tax advice — what you can claim depends on your circumstances, so check with the ATO or a registered tax agent, and keep records to back up every claim.

Two rolling tests decide it: your current GST turnover — the current month plus the previous 11 — and your projected GST turnover — the current month plus the next 11. If either is $75,000 or more you generally must register, and you have 21 days to do it. The exception worth knowing after a bumper year: if current turnover has passed $75,000 but projected turnover will be below it, registration is not compulsory. If neither test applies it is optional, though registering can let you claim back GST on business purchases where GST was actually charged and you hold a tax invoice — worth checking against your own suppliers, since stock bought from an unregistered or overseas seller often carries none to claim. Registering also means you start lodging a BAS. This is general information, not personal tax advice — what you can claim depends on your circumstances, so check with the ATO or a registered tax agent, and keep records to back up every claim.