Posted on 21 February 2010.
How to calculate my income tax from Stock Trading? UK = get a Self Assessment Form (link)
UK = get a Self Assessment Form (link)References : http://www.businesslink.gov.uk/bdotg/action/detail?type=CAMPAIGN&itemId=1080796275&r.t=CAMPAIGN&r.i=1080796275&r.s=e
You would need to be able to convince HMRC that you are trading with a view to profit and that this is an on going business. You might be safer to declare this income as CGT.References : ex Inspector of Taxes
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UK = get a Self Assessment Form (link)
References :
http://www.businesslink.gov.uk/bdotg/action/detail?type=CAMPAIGN&itemId=1080796275&r.t=CAMPAIGN&r.i=1080796275&r.s=e
You would need to be able to convince HMRC that you are trading with a view to profit and that this is an on going business. You might be safer to declare this income as CGT.
References :
ex Inspector of Taxes