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Posted Sun, 04 Sep 2022 18:31:43 GMT by Leon Macfayden
Hi. Is it true that you only pay tax on Forex when it is withdrawn from the broker? Until that point any profit is not taxed?
Posted Thu, 22 Sep 2022 11:47:13 GMT by HMRC Admin 19
Hi,

This depends on whether you class this as a trade or gambling.

You can see the following guidance to ascertain if you are trading.

BIM20051 - Meaning of trade: general: overview

Once you have decided, it will be the date of trade that counts.

Thank you.

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