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Thanks. What if I accidentally put my trading profits / losses in both SA103 and SA108 for tax yr 2022-2023? Will my tax calculation be amended by HMRC?

Hi, may anyone kindly have a clue for my quesiotns? Thanks.

Hi, I am a self-employed sole trader doing stock trading at my own home which is my sole source of income in UK Do I need to input my stock trading gain/loss at SA103 "Self-employment" and SA108 "capital gain tax"? If yes, under section "Listed shares and securities" in SA108 "capital gain tax", I have filled the information in the box 24 "disposal proceeds", in the box 25 "allowable costs", in the box 26 "gain in the year before lossess" and in the box 27 "losses in the year" So, how should I fill in the relevant information under section "Business Income" in SA103 "Self-employment" ? Should I fill the information in the box 15 "Your return" , in the box 31 "Total expenses" that are in accordance with the figures in the box 24 "disposal proceeds", in the box 25 "allowable costs" under section "Listed shares and securities" in SA108 "capital gain tax" ? Should I fill the information in the box 47 "net profit" under section "Business Income" in SA103 "Self-employment" that is equal to subsctaction of the figure in the box 26 "gain in the year before lossess" from the figure in the box 27 "losses in the year" under section "Listed shares and securities" in SA108 "capital gain tax" If yes, after I filled in the above informations, I found in the tax calculation summary in HMRC online self assessment that I have to pay Income Tax, Capital Gains Tax, and Class 4 National Insurance contributions that both Income Tax and Capital Gains Tax are counted in accordance with my sole stock trading profit acquired at my own home? Or should my tax to be paid only be counted under income tax? It seems my sole stock trading profit are "double-counted" under Income Tax and Capital Gains Tax with two different tax rates... Thanks for your attention, I am looking forward to hearing from you soon.

Thanks for your reply. My concern is whether my capital losses from 6 Apr 2022 to 29 Nov 2022 could be carried forward to the next tax year (From 6 Apr 2023 to 5 Apr 2024), which I was actually out of UK during the period from 6 Apr 2022 to 29 Nov 2022. Thanks.

Hi, I am a BNO VISA holder with my BNO Visa approved on 20 July 2022, and I entered UK on 29 Nov 2022 and have lived in UK since then and until today (4 Dec 2023). I am wondering how my investments losses from 6 Apr 2022 to 5 Apr 2023 could be carried forward to the next tax year (From 6 Apr 2023 to 5 Apr 2024), that my investments losses to be allowed to carry forward to the next tax year are counted from 6 Apr 2022 to 5 Apr 2023 or from 29 Nov 2022 to 5 Apr 2023, which 29 Nov 2022 is the date I actually started to live in UK. Thanks.

Hi, I would like to fill in my tax assessment for my cryptocurrency trading, but which parts in the "Capital gains summary SA108" should I fill in the relevant data: Other property, assets and gains. Listed shares and securities, Unlisted shares and securities or others? Thanks

Thanks for your reply, But May I know if HMRC will decide that it is illegal for me and give me any form of punishment for using IBHK to invest US ETFs like QQQ, VOO which should not be offered to UK retail clients without the provision of a Key Information Document unless clients are Professional Investor, for your reference, I am now a UK Tax resident and not an non Professional Investor, using IBHK, instead of IBUK?

Hi, May I ask for clarification that after I become a UK Tax resident, I need to change my Interactive broker account from Hong Kong to UK? What if after I become a UK Tax resident, I am still using Interactive broker HK to do trading and invest US ETF, like QQQ, VOO which should not be offered to UK retail clients without the provision of a Key Information Document (KID) unless clients are Professional Investor, for your reference, I am an non Professional Investor. Thanks.

Hi Admin, Thanks for your kindly reply. May I ask for your clarification on whether I should submit SA103 or SA108 tax form, considering that I am only a full-time day trader (Stock, futures and crypto) without other sources of icome from business, employment, properties, and I am not classified as a business?

Hi Admin, I am a full-time day trader (Stock, futures and crypto), I literally trade everyday and I dont have any icome gained from other sources, like business or job, properties, all my incomes are soley from Stock, futures, crypto nad bank saving interests. Am I considered having a self-employed business or not? I understand this will decide whether my profits are to be reported as capital gains or income in my self assessment. Could you shed some light on this please? Thanks a lot.