Hi,
I appreciate there are other CFD topics but having read them they have not answered my two queries. I have started trading CFDs (Contracts for Difference) and suddenly thought of a tax dilemma. If you transfer £15k of your non-business savings into a CFD account and lost the £15k instantly; if you then went on to make £20k in the same tax year (i.e. within 6 months), would you only pay capital gains tax on the profit after the £15k has been clawed back?
Also, regarding CFDs - if you have a Ltd company do you still have to declare Capital Gains Tax when you are already paying Corporation Tax?
Hope these questions made sense? Thank you for reading.
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