Recent content by Rosemarie87

Thank you. If youre a lower rate tax payer (20% tax payer- earn upto the threshold of £46350) you pay 10% Capital Gains tax on any capital gains over the CGT threshold of £11,700. If youre a higher rate tax payer (earn over £46350) you pay 20% Capital Gains Tax on capital gains over the CGT...

Thank you, I will look into this

It depends what im doing, if im day trading, I look for a pattern and aim to be out of the trade soon after entering for a quick profit as it all adds up. If its looks like its still going the way I want I may stay in longer, even days and get a better profit. it goes wrong for me if I haven't...

I suppose I don’t follow the only trade a small percentage of your account rule, I’m more of a risky trader. Which as you see from my losses isn’t always a good thing. Up until a few weeks ago, my losses were only £20k so have lost a lot recently. I mainly trade crude oil and natural gas in at...

Thank you for your help Trader333, I was just really wondering what others do. I have since spoken to HMRC who advised capital gains and helped over the phone to explain what figure to put where as the capital gains side of the SA tax return was confusing me

Hi, So I have started trading this year and I am just trying to do my tax return. I have other employed and self employed income but I don't know where to put my trading income. If I treat it as self employed income, then should I have registered for VAT as I'm over £85k? - but how would that...