Recent content by icarus701

Thanks malaguti, I think you're right, the B+B rule applies more to the tax year end. As for the US version, (wash sale) they get arsey if you don't have sufficient funds in your account due to clearing. I think there's a minimum you need in your acc at all times if you want to day trade. If...

I would have replied sooner malaguti but dragged away. If i'm interpreting the bed and breakfast rule correctly, to comply you shouldn't trade the same share more than once in a period of 30 days. This seems to be at odds with some traders who from what i recall specialise in a single share...

Cheers malaguti. So let me get this straight. Say I buy share, A for ex. and trade it multiple times over a week. All I have to do is add the profits and and subtract the losses to determine whether it's a profit or loss? There's no time restriction where I can't re-enter the share due tax...

Thanks malaguti, New to this. A couple of questions tho. What about the quantity of trades? For instance if i'm doing 100's a month/qtr, 10's a day (scalping) would seem like a bit of a head ache woking out the gains/losses manually. I know IG give you a PnL worksheet for individual trades...

Hi, Can anyone suggest software that can calculate tax when it comes to cfd's. Basically I will be day trading across multiple markets and it will be my only source of income, so spread betting is out i'm afraid. I will be using the igindex platform as i'm used to it (through SB). I'm pretty...