Tax on gains on currency trading

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coltonmason replied

6 December 2012, 13:02
Taxes differ among counties, forex gains are taxable, according to your country.

Last edited by coltonmason; 27 January 2013, 08:53.
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meridian replied

17 August 2007, 11:25
If you're UK tax resident and domiciled, the interest is taxable income and the forex gains are subject to CGT so will be taxable but if the total is less than your allowance there will be no tax to pay.
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wendigo100 replied

17 August 2007, 11:23
Originally posted by buffdaddy View Post

Hi All,

do I have to pay tax if I make money by moving the £££ offshore into a fixed deposit account. Then if I bring htem back in 6 months (hopefully the currency rates will be in my favour), do I have to pay tax on that margin?

I assume i do, but thougt I might check.

I have a special arrangement with HMG about this.

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buffdaddy started a topic Tax on gains on currency trading

17 August 2007, 10:43
Tax on gains on currency trading

Hi All,

do I have to pay tax if I make money by moving the £££ offshore into a fixed deposit account. Then if I bring htem back in 6 months (hopefully the currency rates will be in my favour), do I have to pay tax on that margin?

I assume i do, but thougt I might check.
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