Skip to main content

beta This is a new service – your feedback will help us to improve it.

"Welcome Bonus" received from opening a broker account

YY WONG
Posted Tue, 10 Jan 2023 22:27:51 GMT by YY WONG
I opened an account in a US based international broker company and received a "welcome bonus" in US dollar. Is this bonus taxable? Or depends on the amount of bonus? If yes, where shall I put this? Whether in the "other UK income" or "Foreign" part? Thanks.
HMRC Admin 32
Posted Fri, 13 Jan 2023 14:12:07 GMT by HMRC Admin 32
Hi,

The welcome bonus itself is not taxable, however any gains made from investing it, would be subject to tax.

Thank you.

You must be signed in to post in this forum.