Am familiar with long term trading in shares and how to report capital gains/losses to Inland Revenue.
Have recently started day trading CFDs. I had some gains and some losses and this has got me thinking. Sometimes do 10 trades a day and if I continue at this rate for a year, it would be extremely tedious to report each individual trade which could amount to hundreds of trades to the Inland Revenue for Capital Gains purposes.
How do others cope. Haven't been able to find any information on this.
Have recently started day trading CFDs. I had some gains and some losses and this has got me thinking. Sometimes do 10 trades a day and if I continue at this rate for a year, it would be extremely tedious to report each individual trade which could amount to hundreds of trades to the Inland Revenue for Capital Gains purposes.
How do others cope. Haven't been able to find any information on this.