Hey guys I'm new here..
Just wanted to find out do we get taxed for the money what we make in forex when we want to withdraw it? I'm based in the UK and I have a full time job to where I pay tax...
Re: Tax on Forex trading UK?
2Welcome to the forum mateTheKMC wrote: Mon Mar 25, 2019 6:28 am Hey guys I'm new here..
Just wanted to find out do we get taxed for the money what we make in forex when we want to withdraw it? I'm based in the UK and I have a full time job to where I pay tax...
No you won't be taxed in the UK because Spot FX trading is classed as speculative there so you dodge the CGT (Capital Gains Tax).
Re: Tax on Forex trading UK?
3Thats goodJimmy wrote: Mon Mar 25, 2019 8:02 am
Welcome to the forum mate
No you won't be taxed in the UK because Spot FX trading is classed as speculative there so you dodge the CGT (Capital Gains Tax).
thank you for the info 
