Do eToro profits and gains need to be registered for tax?
Asked 5 years ago
Hi all, I'm from the UK here. Do the profits and gains from eToro need to be registered on self-assessment for tax purposes? Even though, technically, you don’t ever own anything through eToro?
Andrew Moran
Monday, July 05, 2021
For the most part, if you earn a profit on the eToro platform, it is your responsibility to calculate and then pay tax on the capital gains to the British government. In certain cases, eToro might withhold a certain percentage of tax, but this depends on the laws of the country where the company is located, although this applies primarily to dividends.
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