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When to pay tax on Forex. Profit or withdrawn profit?
Bike369
Posts: 33 Forumite
Hi
I trade currencies and have been doing quite well. At what point do I declare the profit?
I know it sounds an odd question i.e. at the end of the tax year but if profit isn't withdrawn and simply goes into my account at the brokers so the money can be reinvested, is it declared only when I withdraw?
I trade currencies and have been doing quite well. At what point do I declare the profit?
I know it sounds an odd question i.e. at the end of the tax year but if profit isn't withdrawn and simply goes into my account at the brokers so the money can be reinvested, is it declared only when I withdraw?
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