Cryptocurrency Q&A
How to avoid tax on forex?
How to avoid tax on forex?
alexander_rose_writer
Mon Dec 23 2024
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7 answers
1852
I'm looking for ways to reduce or avoid taxes on my forex trading income. I want to understand the legal methods and strategies that can help me minimize tax obligations on this type of income.
7 answers
Maria
Wed Dec 25 2024
Forex trading enjoys tax-free status for a significant portion of UK residents.
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CryptoWanderer
Tue Dec 24 2024
This benefit applies specifically to those who engage in FX trading through a spread betting account.
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Valentino
Tue Dec 24 2024
Another widely accessible method for trading forex in the UK is through a CFD trading account.
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KimchiQueenCharm
Tue Dec 24 2024
Utilizing such an account, UK traders are generally exempted from paying Capital Gains Tax (CGT).
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Silvia
Tue Dec 24 2024
CFD stands for Contract for Difference, and it allows traders to speculate on the price movements of underlying assets without owning them.
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