Forex tax free uk
UK Tax calculations with CFD and Forex trading. When you come to doing your paper/online UK tax return and wish to claim capital the first ~10k is tax free. Forex trading gains will be chargeable to capital gains tax and not income tax. If you were engaged in sread betting then this is viewd by UK legislation as a gambling activity and there no tax is payable on the gains brought about from spread betting. Gains from Forex Contracts for Difference are taxable in the United Kingdom however. FXCM is a leading online forex trading and CFD broker in the UK. Sign up today for a risk-free demo account and trade forex 24/5.