Do eToro profits and gains need to be registered for tax?

Asked 4 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?

Capital gains tax Tax payments Tax on profit

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.