TAX ON FOREX

Do you pay tax on forex? How much tax do you pay on forex? And specifically on your personal forex trading account. It's a grey area and forex trading tax is a bit of a complex one. In this video I try and break down my own personal experience and opinions surrounding tax on forex but before any financial decision you should always consult a financial professional/accountant. I am not a finance professional in any capacity and my videos are for entertainment purposes only.

Video Order
00:00 - 00:50 - Intro
00:50 - 01:40 - What's being covered
01:40 - 02:10 - Do you pay tax on Forex?
02:10 - 02:25 - Main trading methods
02:25 - 03:24 - Spreadbetting overview
03:24 - 04:21 - CFD overall
04:21 - 08:25 - Grey Areas - Tax considerations
08:25 - 09:08 - Tax categories
09:08 - 09:31 - Speculative category
09:31 - 10:15 - Trader status vs Private Investor status
10:15 - 11:55 - Ways the government can assess you
11:55 - 15:15 - Spread betting tax summary
15:15 - 16:45 - CFD tax summary
16:45 - 17:11 - Capital Gains Tax on CFD
17:17 - 17:54 - CFD Tax example
17:54 - 20:25 - Summary
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