Hi guys just wondering how you all deal with taxation on your trading accounts (if at all ). I'm a trader from the UK and just wanted clarity from others who may have dealt with it thus far.
I know about Spreadbet accounts being tax free but I doubt everyone who trades in the UK uses them. Also, the lotsizes are very much different between those 2 accounts.
Whether or not you pay tax on your trading income is purely up to you, I'm just interested in how you came to your decision either way.
I know about Spreadbet accounts being tax free but I doubt everyone who trades in the UK uses them. Also, the lotsizes are very much different between those 2 accounts.
Whether or not you pay tax on your trading income is purely up to you, I'm just interested in how you came to your decision either way.