UK Tax on Forex signal providing

[JayJones]

If there is a way to tax it, you can count on the fact that they will! lol

Yeah that's true

 

[DeweyWarner]

Tax and trading goes hand in hand. If you are in trading, don’t skip out having the knowledge about taxes too.

 

[JayJones]

Tax and trading goes hand in hand. If you are in trading, don’t skip out having the knowledge about taxes too.

well put

 

[stevevasquez]

Yupe, that's correct. Already talking to my accountant regarding it. Need to plan in advance.

 

[TJ Forex]

Gotta love taxes

 

[stevevasquez]

With the reopening of workplaces, employees have resumed their work, So being an employee what I do is, I have my lunch at my desk itself and prefer getting it from home, also I wear masks only when required.

 

[JayJones]

With the reopening of workplaces, employees have resumed their work, So being an employee what I do is, I have my lunch at my desk itself and prefer getting it from home, also I wear masks only when required.

um ok...........

 

[benisback]

I am aware of capital gains tax for Forex and the tax free status of spread betting but what if such trading is used to provide a signal through MQL5 or Autotrade for example? If you are successful enough a secondary income would be paid into your bank account but would it come under the same tax rules or be taxed as normal income?

Are you a signal provider then ?

 

[John perry]

the dreams of having to worry about paying tax will not hit me for a very long time

 

[Farm_Yard_Forex]

I would suggest income tax since you are gaining an income for providing a service as opposed to gaining through speculating. If you follow your own signals and they make money then the profits are subject to CG.