I’m moving from the UK to another country where unfortunately forex trading is taxable…
So I need to look at my profit and losses, but not sure how to calculate things.
From people who know the answer for definite, how do I work it out?
I will obviously be working out from x date to x date (the financial year), but I’m not sure if I should be looking at figures sat on my broker account ( say broker x I made £200 in the year and the money is still with the broker), or it’s not basically “profit” until the money is withdrawn?
The last way would mean timing could be used to possibly reduce tax liabilities in a given tax year.
Any info is appreciated!