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Day Trading

  • 16-05-2013 9:59pm
    #1
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭


    Are profits (if made) from Day Trading treated the same as normal trades by the Revenue Commissioners, by way of Capital Gains Tax, or is it treated as income?


Comments

  • #2
    neil.p.b
    Registered Users, Registered Users 2 Posts: 926 ✭✭✭neil.p.b


    Cute Hoor wrote: »
    Are profits (if made) from Day Trading treated the same as normal trades by the Revenue Commissioners, by way of Capital Gains Tax, or is it treated as income?

    Only treated as income if it is your main source of income, other than that just standard CGT rules apply.


  • #3
    arrowloopboy
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭arrowloopboy


    If your day trading ,your probably spread betting,so theirs no tax to be paid,if that's what your doing,because your gambleing;).So f**k em.


  • #4
    Idu
    Registered Users, Registered Users 2 Posts: 1,152 ✭✭✭Idu


    arrowloopboy wrote: »
    If your day trading ,your probably spread betting,so theirs no tax to be paid,if that's what your doing,because your gambleing;).So f**k em.

    If you bet on horses as your primary source of income then it is taxable. Same with spreadbetting. Whether or not you'd ever be caught is another thing


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