Will I be taxed as a forex trader if its my only income?
As you're no doubt aware there are two broad options for being taxed on your forex profits. You could either be a forex trader or a forex investor.For tax purposes the difference is crucial as a forex trader will be subject to income tax, whereas a forex investor will be subject to CGT. This article looks at whether you could be classed as a forex trader if forex profits are your only source of income . . . (to read the remainder of this article, please log in below.)
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