r. wd
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RE: Gain and losses in day trade for index
Hello I would like some clarification on HMRC's definition of Primary Income in relation to day trading profits. I am retired with state pension and small private pension and pay tax at the lowest band. My day trading activities will produce a profit higher than my pension income. In HMRC terms will daytrading income constitute Primary Income? In this case will daytrading profits be taxed as Income or CGT? Thanks, rwbw.