If you sell items in Wallapop at a lower price than the original, you will not have to pay hacienda
The 2024 rent campaign Taxpayers' transactions into digital platforms in which goods or real estate are taken into account. Faced with the numerous doubts that this fact has generated, Wallapop has decided to ally with TaxDownthe platform that facilitates the tax declaration in Spain, to Inform its users and users.
Less than 1% of Wallapop users must pay the Treasury for their sales on the platform
On January 1, 2024, the European Directive DAC7. This stipulates that all online sale platforms of reused products operating in Europe must Share with the tax agency annually of users and users that, in a natural year, accumulate 30 or more sales or get profits greater than 2,000 eurosafter taxes.
This means that those who have exceeded these limits must include sales of reused products in their income statement. However, Wallapop and Taxdown clarify that Second -hand sales taxation has not changedso in the case of operations between individuals, «Only sales that have generated a patrimonial gain must be taxedthat is, those in which the sale price has been higher than the purchase price ».
Likewise, Wallapop assures that, according to his data, Most of its more than 19 million users should not pay for their sales on the platform. And, according to its study, the change network, more than 90% of the transactions for the sale of products are carried out at a price lower than or equal to the purchase, so they are not susceptible to tax by the IRPF.
On the other hand, Wallapop estimates that Less than 1% of users and users are likely to reach DAC7 limits In a type type.
Edurne de Oteizaresponsible for innovation and management in Wallapop, explains: «The vast majority of sales through Wallapop are made for a price lower than the purchase, so it does not generate new wealth. However, they help families relieve their financial stress and promote responsible consumption by giving objects a second life.
Performing 30 sales or more or exceeding 2,000 euros in transactions, does not imply the obligation to pay taxes for sales in Wallapop. It is only taxed when the products are sold for a price higher than the purchase and a gain is generatedsomething that only happens in less than 1 in 10 cases ».
How to declare sales of reused products
Taxdown explains that “the benefits of these sales compute as patrimonial gains for the savings base, and tax between 19% and 28%, depending on the benefit obtained.” These benefits must be included in the income in the “Profit and heritage losses derived from transmissions of other heritage elements”, from box 1624. The taxpayer must pay the treasury between 19% and 23%, according to the benefit obtained.
Professional vendors (freelancers or companies) must pay under the same conditions as any other business, issuing an VAT invoice for each item, and including these income in their income statement.
Aitor FernándezTaxdown fiscal expert, emphasizes that: «More and more taxpayers generate income through digital platforms. It is important that users review their activity and declare these income correctly whenever they have had profits to avoid surprises with the Treasury.
In the case of The second handit is key to justify the purchase value of the good sold. If it is sold for a lower price than the original, a patrimonial gain is not generated andtherefore, Do not pay tribute. Faced with any questions about the taxation of digital income, it is advisable to consult with a fiscal expert. Each situation is different, and errors or omissions can lead to unforeseen sanctions or payments».
Photo: Canva
