Thank you Keith.
Is there a specific threshold as I have been told by another trader that he has to pay income tax on forex trading. Are there specific rules on this please set out by the HMRC?
Ok thanks. Does it fall under CGT?
Sorry I just found this link from another similar question on Just Answer and the adviser stated that it would be taxable under CGT?
Please can you check:
In terms of frequency, if I trade everyday but I have another business?
If I make profits everyday, how can one prove/disprove the time spent trading and would the HMRC not judge against profits/loss or would they not classify it as full time if I have another business?