Capital gains UK taxation

Beginner Questions
1

Hello,

Could you please confirm that any annual capital gain under 9,200£ is tax free?

I want to open an account with a forex brocker (Oanda), but if I should be worried about taxes I would stay with spread betting (which is tax free in the UK).

I’m quite new to Forex, so a net gain of 9,200£ is pretty unlikely.

2

I believe its £10,100 for 2009 / 2010, then 18% above on anything you make above that.

3

Thanks1 this means I can start trading with Oanda without problems, right?

4

It should be fine. As long as you make under 10.1k then you wont attact Capital Gains tax.