Taxation??

Hi Guys,

If you trade from home (full-time) and make a profit, are you just charged capital gains tax on your earnings or do the govt. charge you income tax instead?


Thanks,
Pete

PeteyG said:

Hi Guys,

If you trade from home (full-time) and make a profit, are you just charged capital gains tax on your earnings or do the govt. charge you income tax instead?


Thanks,
Pete

Click to expand...

According to the link below,

If you what you do is closer to market making ie if you have customers or make most of your money from the bid ask spread. its likely income tax.

If what you are doing is closer to outright speculation it is capital gains.

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