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Hi, I am not a forex exchange trader. I transferred my old saving from HK to the UK after the arrival of UK. Before the transaction happened, I converted HKD to GBP in HK bank. Is there any tax I have to report for that? Thank you for your time.
Thank you very much for your explanation.
1) Is it possible for me to do the split year treatment by post while completing the SA108 online?
Will it be too confused for HMRC to handle?
2)For SA109, do I have to attach computation when I hand in the tax return or I just keep the record myself until HMRC asked me for that?
Thank you for your time.
1) If I have a stock margin account but I do not trade options/ futures/other margin products, I only do shares buy and sell, does the account type makes me a trader and thus paying income tax instead of capital gain tax?
2)I am a housewife. My main financial support comes from my husband's small business. I buy and sell shares around 50 disposals a year without any professional advice. The total disposal amount in a tax year is around GBP 100000. Should I do the tax report as capital gain tax or income tax?