FAQ for Tax in the United Kingdom This post is about taxes on investments as they affect those of us subject to UK tax and using Trading 212. The previous UK tax year ended, 5 April 2024. Today (8 April 24) I have updated this post with data for taxes on dividends and capital gains in the year 6 …

What’s the best process to calculate trades within a tax year from t212? I’ve basically traded daily and made thousands of fractional trades. Mainly I want to figure out if I’ve disposed of more than the self assessment limit, and if I need to report gains/losses. Still going to be difficult workin…

Are you aware that you can download a history of transactions as a CSV file and them analyse them as you like in a spreadsheet? From what you write, you are a UK taxpayer, right? Trading 212 do not withhold 20% on interest for UK taxpayers. You might find this calculator useful for applying UK ca…

[image] Melvin212: I feel like t212 should give tax year data within their app to help with the above, eg disposals per tax year, profit/loss per tax years etc (preferably accounting for B&B You can download history as a CSV file, choosing start and end dates that correspond to the UK tax yea…

Thanks for the useful information. I wonder what type of tax I need to pay to interest incomes from a general investment account in Trading 212 - should it be dividend or just like interests from a normal saving account?

[image] Richard.W: FAQ for Tax in the United Kingdom This post is about taxes on investments as they affect those of us subject to UK tax and using Trading 212. The previous UK tax year ended, 5 April 2024. Today (8 April 24) I have updated this post with data for taxes on dividends and capita…

It’s not up to Trading 212 to give you tax advice. You all have online access to the required information. If you don’t understand it you need an accountant/ financial adviser to advise based on your personal circumstances

[image] PeterKidd: It’s not up to Trading 212 to give you tax advice. You all have online access to the required information. What is your point? In this FAQ I say that no broker can advise upon or compute your tax since they do not know your full investment picture, such as what overlap of s…

[image] Richard.W: You will need to if you have dividend income above £1,000, or have made capital gains net of losses in excess of £6,0000, or have gains before losses in excess of 4 times that amount (£24,000), or losses to carry forward losses. Hi Richard, great post as always. I was havi…

Thank you for spotting that point.

Hi, I don’t seem to find a clear answer anywhere on my question. I’m using T212 Cash interest on my Invest account. Currently, my interest earned are below 1000gbp but if theY were going above 1000gbp, does T212 send my interests earned directly to HRMC or will I need to do a self assesment return…

FAQ for Tax in the United Kingdom

🤝 Help

Richard.W January 22, 2024, 6:15am 102

You will owe the tax rate applicable to bank interest. It is not dividends.

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FAQ for Tax in the United Kingdom

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