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| *Loan,banking and credit>>>tax accounting |
Do i pay capital gains tax on profits from CFD trading only if I withdraw that money from the trading account? |
Do i pay capital gains tax on profits from CFD trading only if I withdraw that money from the trading account? No, you pay as you trade unless you're in a special tax-sheltered activity. Every time you make a sale, you have either a gain or a loss. Here's a web site with more instructions. http://www.hmrc.gov.uk/cgt/index.htm#1... I recently read an article on the subject. It was a bit complex. I think there is a ruling on the subject. I suggest you ask the ATO for the applicable ruling(s) on the subject. |
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