News

HMRC confirms its position on cryptocurrencies

HMRC have finally published a Policy Paper, together with guidance, explaining how individuals who hold cryptocurrencies will be taxed. Previously, the only information published by HMRC was their 2014 Brief and an overview of the Capital Gains Tax aspects published in their manual. The Policy Paper published on 19 December …

the self employed day trader

The self-employed Day Trader

In this factsheet we outline the basic points to consider when HMRC guidance dictates that you are a self-employed day trader. Unless you decide to incorporate your day trading business and operate via a Limited company, then you will be a sole trader. Unlike operating a Limited company where the …

capital gains tax advice uk

Day Trader Capital Gains Tax explained

Now that you’ve downloaded the Trader Tax Guide, you might be wondering how the Capital Gains Tax regime applies when a day trader is deemed to be a private investor. In this factsheet we outline how the Capital Gains Tax (CGT) rules apply. A day trader deemed to be a …