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Laws & Tax on Sales

In principle, all private second-hand sales are TAX FREE

Questions that everyone always asks

This applies when selling your magic props.

1. Private sale (tax-free, no VAT)

Are you selling your own used stuff (magic props, furniture, clothes, technology)
that you have already bought for private use?

Is the sale sporadic (once in a while, not regularly)?

Is there no profit motive (you are selling to get rid of things, not to make money)?

👉 Then it is considered a private sale. No VAT, no income tax.

2. Are the sales recurring, but without a clear profit motive?

Do you have a personal interest (e.g. collecting and selling coins, making crafts or magic props)?

Is the turnover below 120,000 SEK per year?

👉 Then it can be considered a hobby. Income can be taxed as hobby income, but you do not need to register for VAT.

3. Business activities (tax + VAT)

Do you purchase goods to resell?

Are the sales regular and organized (e.g. online shop, flea markets every month)?

Is there a clear profit motive?

Does the turnover exceed SEK 120,000 per year?

👉 Then it is considered a business activity. You must register for VAT and pay income tax on the profit.

NOTE!

It is important that you research what applies and is relevant to you.

Information about the seller  (Assuming the seller is not known.)

• Full name:

• Personal identification number

            (or coordination number if the person is not registered in Sweden)

• Address and contact details
• Mobile phone - e-mail"
• ID document: check valid identification (passport, driver's license or national ID card
• Location number at the market (so the police can connect the seller to the correct sales

            location)

• Short description of the goods (e.g. "used Magic Wand")