Day trading tax rules uk
Tax implications in the UK aren’t so severe it should deter people from dabbling in the market. As long you do your tax accounting regularly, you can stay easily within the parameters of the law. US. When it comes to taxes for day trading in the US, you’ll either be a ‘trader’ or an ‘investor’. Any advise will be much appreciated. If you trade regularly you will be charged at Income Tax NOT CGT. CGT is based on the risk of holding stocks for more than a month at a time. Day trading which can be a few days is charged at income tax.