I have recently started day trading for the past few weeks with 3-5 trades per day on average. I wanted to find out about the tax on my gains.
Do i simply add the total gains/losses or will i have to report each individual gain/loss per trade, to HMRC when i file my annual tax return form?
Will i be paying CGT @18% or will this be classed as income, therefore liable to pay Income Tax?
Any advise will be much appreciated. Thanks
Do i simply add the total gains/losses or will i have to report each individual gain/loss per trade, to HMRC when i file my annual tax return form?
Will i be paying CGT @18% or will this be classed as income, therefore liable to pay Income Tax?
Any advise will be much appreciated. Thanks
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