Tax on trading CFDs

Hi stockstunna,
You have to make the decision as to which is appropriate to your circumstances.
We can only give you advice to allow you to make the decision yourself.
Thank you. 

Thank you for responding. So far, from your responses I have gathered: - That the individual themselves have to deem themself a 'trader' or 'investor' and decide themselves whether they should be subject to income tax or CGT. When you say: "We can only give you advice to allow you to make the decision yourself" Please can you provide weblinks to all of the relevant HMRC guidance pages specific to CFD trading, so that I can do my own research and come to my own conclusions. Kind regards,

Hi,

Please refer to:

Business Income Manual

and

Capital Gains Manual

Thank you.

Hi I stopped doing CFD trading after making a huge loss with IG index in 2019 I am thinking of restarting cfd trading. Can I still submit those losses now or am I too late.

Hi,
No, the deadline has now passed.
Thank you

Hi, I hold trades for a few minutes, sometimes hours. But max is a day. I speculate on my trades. Would i be viewed as a gambler? Thanks,

Hi yaseennn1,
Please refer to guidance at:
BIM22015 - Meaning of trade: exceptions and alternatives: betting and gambling - introduction.
Thank you.

Thank you for your response, After reading this guidance, it looks like not all types of CFD trading is taxable. Is this true?

Do you have to pay tax on assets that you don't own? Thanks,

Hi,
Yes. It depends on the conditions as mentioned in the previous link.
Thank you

Hi yaseennn1,
No, as you cannot sell it if you do not own it.
Thank you.
 

Hi, Do Bed and Breakfasting Rules apply to CFD Trading? Thank you.