I'm considering giving eToro a go with real money, having tried using their virtual account for a bit. I normally trade either in a Stocks and Share ISA or with spread bets. eToro trades are contracts for differences (CFDs), and so as I understand it, are liable for capital gains tax. The eToro feature tempting me is its "copy people" function. Essentially, eToro will copy the trades of other people, which I pick, and automatically opening and closing positions.
My question is; will each automatically placed individual trade need to be accounted for under capital gains, in the year they were closed, or can it be reported as one overall profit/loss when I close the overall copy trade (say in the next tax year)?
I ask because I've sold a property this year, and so used all my CGT allowance. In the addition, the thought of having to work out gains/losses on hundreds of trades puts me right off.
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