Hi everyone here on MacRumors, I've got a simple question related to trading iPhones. In my spare time I buy and sell iPhones, and in the past month I've made a significant profit from them (I sold quite a few ones to a phone repair shop that bought them all). My question is will I have to pay tax on the profit that I made on the phones, and if yes, at what rate, and in what tax band would I fall? I earn about £30K from my salary, and I made a profit of around £2,500 last year on iPhones, will I pay tax on it at the basic rate? I tried to figure it out with online tools (like this calculator), but there are no options for such income type. Has anyone been in the same situation before here on MacRumors? Many thanks for your help.