USD based trading account - tax computations for the UK
Discussion
Hi folks.
Anyone dealt with this issue - and if so how?
I've got a trading account that is purely denominated in $usd (and its based in the US). Their automatic tax software/system spits out a tax cert that's only relevant to the US - so am trying to find an easy'ish way of calculating CGt for HMRC ( as a uk resident ). Ideas??
Anyone dealt with this issue - and if so how?
I've got a trading account that is purely denominated in $usd (and its based in the US). Their automatic tax software/system spits out a tax cert that's only relevant to the US - so am trying to find an easy'ish way of calculating CGt for HMRC ( as a uk resident ). Ideas??
I'm not completely sure how it works, but my accountant uses the HMRC rate at the date of transactions into my USD account when it comes to paying any tax due on investment income that I get, or interest earned, it might be different in my case though as I have a Lloyds International account based in Jersey.
http://www.cgtcalculator.com
Never actually used it myself as I do everything with my own Excel and Python tools, but heard it's pretty good.
Never actually used it myself as I do everything with my own Excel and Python tools, but heard it's pretty good.
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