The cash-grabbing craze bankrupt Katie Price & millionaire Molly Mae use to ‘look more relateable’ & why it...

WITH the cost of living going through the roof, many of us have turned online to flog our pre-loved clothes for cash.Molly Mae-Hague may live in a £3.5million mansion - but that hasn't stopped her from selling designer gear on DepopSince clearing out her wardrobe, the mum-of-three has also publicly promoted her Vinted page to her 3 million followers onThere was also a goodies like EGO boots for £20 – despite them usually retailing for anywhere between £50 and £80.

What's more, just because most of the celebs are already ''indeed wealthy'', ''it doesn't mean they wouldn't want to make some extra cash''.''Selling their old clothes is an easy way to do that, especially if they have a large following willing to buy.'' A tax-free allowance of £1,000 has been in place since 2017 for business sellers trading for profit - the only time that an individual personal item might be taxable is if it sells for more than £6,000 and there is a profit from the sale.While your data won't be shared with HMRC if you earn between £1,000 and £1,700, you'll still need to pay tax as normal.

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