used book sale for charity
I am managing, on behalf of a charitable association (not endowed with legal personality), the sale of used books that are donated to us.
Is there a legal way to not have to include the proceeds in my income and consequently pay income tax on them (at the marginal rate)?
3 comments
annama7579
OP1 year agothank you,
just to clarify, this is the Caritas section of a parish.
The parish has a numeric tax code, but it doesn't file tax returns, so I don't know how it could handle exceeding the DAC7 limits
vonbalden
·1 year agoThis DACO7 has become one of the many bogeymen that haunt the nights and days of anyone who wants to sell something online. And not just that. Kind of like the law on home chimneys... you can't have a fireplace in your own house, it depends on the building's altitude! Lex europea sed Lex !! Everyone measuring altitude above sea level and since, for example, in Arese, a stone's throw from Milan, almost everyone has a fireplace in the house, everyone tearing down their chimneys. It turns out you can't remove the chimney without having checks done by municipal experts under the floor... everyone putting back the extinguished fireplace where it was before and looking underneath. Another law on plastic bottles with the collars! Even if the cap covers the bottle opening when you pour the water, the law is clear: dura Lex sed Lex! All the bottles must have the collar with the little tab. If you have non-compliant bottles at home without the collar, you have to declare the day, year, and month of purchase with the stamp of the supermarket in question... the law is the law. All like that. And these are just trifles. Europe is working out other rules that are much more worrying. Getting back to the point, I recommend annama to gladly take back the books that friends and relatives want to donate for charity. Sort them by category into nice boxes and then go to the parish, where the donation helpers will collect them and display them for the church's internal market together with other donated used items. Or for the kids' library. My parish too, which receives donations on Tuesdays, takes my used clothes, which I make sure to wash and bring to the place on collection days. And also the old toys that I don't put up for sale on the platform. For sure, for every comic book I sell online, I don't lie awake at night rereading the DACO exceedance limits and waiting for a registered letter from the tax office with sweat beading on my forehead. 😉 Kind regards. And... happy Europe to everyone.
heavenwelkin
·1 year agoGiven that:
- an association not registered with the Revenue Agency and without a tax code practically DOES NOT exist. We can define it as a de facto association, but in practical terms it has NO legal or formal substance;
- an association that has only a tax code, but whose deed of incorporation and bylaws have not been registered with the Revenue Agency, is NOT a properly established association. In fact, it CANNOT benefit from the favorable tax legislation reserved for non-profit entities, in addition to lacking the minimum requirements needed to work with public institutions and private entities;
In practice, you can't open an eBay account in the association's name; you have to use a personal account.
Watch out for the new tax regulations (see DAC7).
For the rest, I would tell you to handle it with a verbal agreement between you and the members of the association.
Kind regards.