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Related UK Tax Questions
If a forex trader has yet to make a NET profit in a
If a forex trader has yet to make a NET profit in a financial tax year do they still need to register for self assessment. Therefore, assuming a forex trader makes profitable trades that in total may … read more
taxadvisor.uk
taxadvisor.uk
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Is our end of year tax return (for a self employed sole
Is our end of year tax return (for a self employed sole trader) completed once per year at the end of the tax year or should profit be reported more regularly? Also is this process simple enough to do… read more
bigduckontax
bigduckontax
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I need advice on uk tax for trading forex. Do you deal with
HI there. I need advice on uk tax for trading forex. Do you deal with UK tax? … read more
bigduckontax
bigduckontax
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Soon I will be opening a forex trading account with the
Hello, Soon I will be opening a forex trading account with the intention of leaving my full time job (if all goes well) and do day trading full time. What do I need to do in order to pay any taxes whi… read more
bigduckontax
bigduckontax
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I am from India, a non UK citizen, but UK resident & I
Hi, I am from India, a non UK citizen, but UK resident & I have 1 year work visa. I'm working full time and planning to invest in the forex market in a company located in UK. With my UK bank account d… read more
bigduckontax
bigduckontax
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I intend to regularly trade FX CFDs (via MetaTrader 4), and
I intend to regularly trade FX CFDs (via MetaTrader 4), and read here (http://moneyterms.co.uk/cfd/cfd-tax/) that: "it is possible that sufficiently regular trading, especially if it is one's main sou… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi, I have a full-time job. In addition (as my hobby), I do
Hi, I have a full-time job. In addition (as my hobby), I do currency trading (often very short-term with trades often less than a day). Now, this year hasn't been good and overall I'm in loss this yea… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hello,I have a brokerage account that I use to make speculative
Hello, I have a brokerage account that I use to make speculative investments. In particular, the account allows me to buy and sell foreign currencies (EUR, USD, etc) leading to gains or losses. For Ca… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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I have a friend who is unemployed and has no other income apart
I have a friend who is unemployed and has no other income apart from his investments in forex managed accounts and automated signals/systems (not spread betting). If he makes £70k this tax year, for e… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have made a loss of about 5000 in fx trading in the current
I have made a loss of about £5000 in fx trading in the current tax year. These are done through an ordinary online fx broker and not spread betting. What are my options for reducing my tax in the self… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Im a forex trader and have been making my money from this
I'm a forex trader and have been making my money from this for 6 months I spread bet in uk law they say spread betting is tax free is this true or do I have to pay something… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
I am in semi retirement living off my savings. I want to trade
I am in semi retirement living off my savings. I want to trade forex using a Broker trading the spreads. I get differing advice over whether there is any tax liability at all or whether it is subject … read more
CCTax
CCTax
Bachelor's Degree
324 satisfied customers
Hi, I work as a day trader from home trading forex full time
Hi, I work as a day trader from home trading forex full time as my only source of income. How do I structure myself to pay the least possible tax? I am based in the UK.… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi, My client has been undergoing a tax review since September
Hi, My client has been undergoing a tax review since September 09. HMRC have now arranged a meeting with my client and myself at the clients restaurant. I have never had a tax investigation before and… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
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Hi I am a South African (RSA) resident who wants to trade
Hi I am a South African (RSA) resident who wants to trade "over-the-counter"(OTC) spot forex online through a UK broker. I've been told that I would most likely pay income tax not capital gains becaus… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi, I am intend to trade the Foreign Exchange. I believe that
Hi, I am intend to trade the Foreign Exchange. I believe that profits are taxable. Could you give me more details? Wilfried… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
In the UK what tax bracket does forex trading - well forex
In the UK what tax bracket does forex trading - well forex monies made fall into - threshold before tax etc. and how much is paid in tax over a threshold if there is one - thanks… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi, Could you let me know if there is any tax to pay when
Hi, Could you let me know if there is any tax to pay when earning an income from the Forex market (Forex Spreadbetting)? If not, is this true for unlimited amounts (wishfull thinking I know!).… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
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