is very simple and you'd be classed as a 'Sole Tradership'. Also, if a trader is managing funds or trading for an institution there are many other tax laws that one may have to abide. If your broker is based in the United States, you will receive a 1099 at the end of the year reporting your total gains/losses. # 13 diy_ 31 Posts Joined Jan 2010 Re: uk tax laws on forex": Originally Posted by Scotty2Cues genius.
Paying tax on forex trading uk
Thanks # 2, n Rothschild 5,296 Posts, joined Oct 2008, re: uk tax laws on forex you need to make money in order to be taxed _ "Let me issue forex vsd system free download and control a nation's money and I care not who writes the laws." Mayer Amschel. This is a discussion on uk tax laws on forex within the, forex forums, part of the Markets category; Is forex subject to cgt /income tax in the uk? Don't run before you can walk. In fact dont even contact them. Fxcm has spreadbet accounts with forex trading specifically for this reason. This scenario assumes that your speculation on forex is not your sole source of income and that you pay some Income Tax via a job of some kind.