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Re: I fix furniture as a hobby and sell it on ebay… do I have to claim this?

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Newbie Registered Tax Practitioner

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Hi guys, interesting conversation.
If you’re running a business, you need to report it on your Tax Return.
If what you’re doing is a hobby, then you don’t.
The trick is figuring out which one you're doing. There’s no one thing that will tell you which it is. @David343 – that $75,000 you’re talking about probably relates to registering for GST.
The easiest way to figure it out is to use the hobby or business tool at start.business.gov.au/
There’s also a bunch of info on the ATO website. These links might help:
ato.gov.au/business/starting-your-own-business
ato.gov.au/business/starting-your-own-business/before-you-get-started/are-you-in-business-/
ato.gov.au/Business/Starting-your-own-business/In-detail/Online-selling---hobby-or-business-/

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