Gordon0323
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stock option trading, what is the type of tax
Hello, I have some question about the tax of trading option. 1. I would like to ask if I open my position with a short put option and get the premium, then close my position after 6-9 months. What is the type of the tax should I pay? Income tax or capital gain tax? 2. I would like to ask do I need to pay tax again when I transfer those profit from foreign to UK? 3. Is there a standard fx rate that for doing the self-assessment? I know I need to declare those profit or loss in pounds but I am doing it with USD so is there any standard fx rate for the self-assessment? Thank you. -
Option trading, Income tax or capital gain tax?
I would like to ask if i selling option(short side) and get premium, and close position after 6-9 months and there is a profit. What is the type of tax in this case? Income tax or capital gain tax? Thank you.