Determining Tax on Forex Trading
I'm a PhD student with two babies, so to make some extra income on the side, I've decided to use some of my savings from when I was in the HM Armed Forces to generate some extra income by trading FOREX.
How would this be taxed though? I've read some sources that state that as ill be trading strictly FOREX, that this is spread betting, and in the eyes of HMRC this is non-taxable.
Would anyone be able to shed some light and clarify?
Thanks for your time.