Hi,
Just a couple of questions if I may. I am a UK resident and have been trading the US market this year with a small account and I'm wondering of folk in a similar postion:
1. Do you pay GCT tax or income tax?
2. Do you pay the above tax on your whole trading account value, the cash size in your trading account, or just the amount you withdraw from your trading account?
I appreciate very much any responses / help you can offer
Jamie
Just a couple of questions if I may. I am a UK resident and have been trading the US market this year with a small account and I'm wondering of folk in a similar postion:
1. Do you pay GCT tax or income tax?
2. Do you pay the above tax on your whole trading account value, the cash size in your trading account, or just the amount you withdraw from your trading account?
I appreciate very much any responses / help you can offer
Jamie