The Thorny Question of UK Tax !!

Hi,
I would like to ask how the profits from trading are taxed
in the UK - Income or Capital Gain ?

Please only answer this if you have actually been profitable
in the UK and had dealings with the I.Rev, not just been
advised by someone you know "who is v.good at these things"

Many thanks

Hmmm,

I hope the absence of replies does'nt mean there are
no UK traders that post annual profits ?

make your own conclusions .....

maybe no-one wants to talk about it ...


and most spreadbet which is tax free

fenlander - seems to be a bit of a grey area. I'd post a relevant link to another website but i dont have enough posts to be allowed to do that - i'll PM you with the link instead.

I can't see why you'd not use spreadbetting though - why give anything away in tax?

all the best
Jason