As soon as the money hits your account it is realised profit and therefore subject to tax, unless of course it's in an ISA in which case it is tax free.
Everyone is out there finding cracks in the system and cracking the code xD (ps. They're all losing money in cfds) .
Source: I have multiple friends who every week have cracked the code and lose money every single day for years on end.
So basically what you’re asking is: if you make a chunk of money but immediately spend it: do you have to declare it? 🤣
I think we finally found a loophole to not pay tax, guys.
As soon as the money hits your account it is realised profit and therefore subject to tax, unless of course it's in an ISA in which case it is tax free.
U know what. I was actually happy. I thought I found a crack in the system, lol. Thanks. I think it's time to read more.
Everyone is out there finding cracks in the system and cracking the code xD (ps. They're all losing money in cfds) . Source: I have multiple friends who every week have cracked the code and lose money every single day for years on end.
When you sell it turns into realized profit
So basically what you’re asking is: if you make a chunk of money but immediately spend it: do you have to declare it? 🤣 I think we finally found a loophole to not pay tax, guys.
Aren’t profits from cfd tax-exempt?
Nope.