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Posted 10 months ago by Lee Kirk
Hi all, im looking to fill in my selfassesment for last year, i received some money from forex prop firms but also incurred a lot of expenses, do i fill these in as the other income tab as income and other expenses? Im a PAYE employee and this was on the side. Thanks in advance for any help #confused!
Posted 9 months ago by HMRC Admin 5 Response
Hi 

You do not state how you acquired the money from forex prop firms.  
I you acquired and disposed of shares, there may be a gain after you have deductd your qualifying expenses.  
This woudl be reported in the capital gains section of the tax return (SA108 - Self Assessment: Capital gains summary (SA108)).  
If this was earned income arising from self employment, then this would be declared in the self employment section (SA103 - Self Assessment: self-employment (short) (SA103S)),
along with the qualifying expenses.

Thank you

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