Hello! I worked as a mechanic at a local garage/car shop for 6 years (left a few years ago to pursue engineering), however recently I've got into buying and reselling cars - I was wondering how tax will apply to me? Will all the profit I make become taxable income, even if it's put back into buying cars? I've searched around and looked at sites like this tax calculator but still not sure how it works. I'm intrigued if anyone here has done something similar and can share their experiences
Thanks!
Caitlin
