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  • Offset Sole Trader Derivative Trading Against PAYE Income?

    Hi, A query, during the last financial year I extensively traded various derivative instruments, I meet the several BIM to meet this requirement. I did however incur a loss. I would like to offset this against my regular employment income which is PAYE, both PAYE and Trading roles are in finance, my accountant has suggested the PAYE and Sole Trader must be similar style businesses. Is this the case, or am I able to offset regardless of the nature of my PAYE income? My preference is to do this rather than offset against future trading income ( as I have stopped), and ideally dont see capital gains offsets being sufficiently high to warrant using this in the future either. Thank you