tax and spread betting forex trading

J.F

Hello, do I still have to fill out a tax return if I don't actually have to pay tax? Forex traders who trade via a spread betting UK account are exempt from tax, but do I still need to fill in a self assessment tax return? I'm a bit worried because I've been trading for 2 years and never filled out any tax returns or anything.

robbyfine

Yes, you're right! Forex trading is similar to spread betting and any gains are tax-free, though you need to have a dedicated spread betting account. Btw, which forex broker have you been cooperating with? I've recently started to work with http://www.portexmarkets.com service. Seems quite decent!

TheCyclingProgrammer

If you're gains are treated like other gambling earnings and tax free then you have no obligation to complete a tax return.

lluzers

J.F wrote: »

Hello, do I still have to fill out a tax return if I don't actually have to pay tax? Forex traders who trade via a spread betting UK account are exempt from tax, but do I still need to fill in a self assessment tax return? I'm a bit worried because I've been trading for 2 years and never filled out any tax returns or anything.

forex bucket shops employ people on forums to promote/market forex gambling .Forex is zero sum game .

Which forex scammers do u represent?

agrinnall

lluzers wrote: »

forex bucket shops employ people on forums to promote/market forex gambling .Forex is zero sum game .

Which forex scammers do u represent?

One could ask why it is that you've joined the forum solely to resurrect a thread that is 9 months old created by an OP who hasn't posted again since then. I look forward to spam from you soon.