selling used cars from home

[jackg205]

Im new to this forum i am after some advice on buying used cars fixing them and then selling them on for profit but i am unsure of the legalities of insurance for road testing and customers testing , tax on any profit i make and the amount of cars i am able to buy and sell before i have to declare myself as a trader and then do you have to have a business address also the legalities of buying cars to scrap for parts to sell on for profit from home selling them on ebay do you need a license for this or can you buy the cars strip them and declare any profit with hmrc any help would be appreciated

[jackg205]

I am hoping to have a garage built but wanted to know the legalities of it before i started to see if its worthwhile or not how much on average would traders insurance cost im 25 male working ft and looking at improving my income by buying and selling cars for profit so you would declare yourself as a trader and would need traders insurance and trade plates and how would you declare any profits with hmrc do you Do a self assessment also could you run it as a business from a home address or would you be best getting a premises elsewhere to do this

[jackg205]

Im just after keeping things legitimate so in x amount of months i dont get a knock on the door for tax evasion or done for not having the correct insurance cover etc and knowing the correct processes for it

[jackg205]

Burnley near Manchester is where im based , yeh ill get a quote to see how much it would be, can you register trade insurance at a home address ?

[jackg205]

Is trade insurance expensive ?

[jackg205]

Do you have to have planning permission from the local council in order to trade from a garage at home? As in you apply to use your garage as a trader in cars if your to become a trader ?

[jackg205]

What if there kept in a garage off the public road ? Until someone is interested and then taken off the street where i live would the citizens advice bureau be the right people to ask about all this?

[jackg205]

Thanks for that just want to keep everything above board so you don't need to inform the council of the use of your garage as a trade garage ?