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Online CFD trade

Batuo Bodhidharma
Posted Sun, 11 Aug 2024 12:36:38 GMT by Batuo Bodhidharma
The user is new to online trading and is concerned about the tax implications of their trading activities. They deposited £25,000 for trading, but the account initially lost £10,000 on the daily trading statement. After some time, the account recovered the initial sum, but the user withdrew the original deposit due to frustration and fear of losing more money. The user wonders if they can claim the accumulated losses, £10,000, from HMRC.
HMRC Admin 5 Response
Posted Wed, 21 Aug 2024 14:04:27 GMT by HMRC Admin 5 Response
Hi

Please refer to guidance at CRYPTO22000 - Cryptoassets for individuals: Capital Gains Tax

Thank you

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