From: Thom 
Newsgroups: uk.finance
Subject: Re: Paying tuition fees without paying tax
Date: Fri, 13 Feb 2004 15:26:14 +0000

Tumbleweed wrote:
> As this is effectively a hobby for you (it would appear) I wonder if you
> have to declare your income in this respect? Does anyone know what the rules
> are on hobbies, or are you meant to declare all income however small? For
> sake of argument, If I sold 1/2 my stamp collection for £100, do I have to
> declare that?

You have to declare all income. Selling your stamp collection doesn't
provide income - though it might have capital gains tax implications.

We [the newsgroup] went through all this in the old ebay thread ...

Thom