Recent content by fractionater

No - Its Income tax only if the CFDS are your ONLY source of income. 20% up to £34k 40% from £34k - £150k 50% from £150k + National Insurance contributions But if you have a day job paying £50kpa, then that will be liable for income tax only (20 + 40% bands), and any cfds will be CGT only (over...

Thanks for the response Compound3. I get the idea of offsetting expenses (or partially) when self employed, but what i was interested in is the structure I proposed above, whereby you start the year off as a legitimate self-employed trader using CFDs. and declare that as your main source of...

This is a great/really useful discussion! So in theory, if FX trading is your sole source of income (no other job), could you: 1) Set up as self employed and trade FX via CFD's -declare any profits from this as your sole source of income for IR purposes -off set any of your expenses -pay any...