Wash sale rule for day traders

Discussion in 'Taxes and Accounting' started by tradingpoker, Apr 18, 2022.

  1. How does the wash sale rule effect day traders in the UK?

    Trading equities and basic options.

    Say this month I have tradedTSLA over 100 times, but I am close to break even as of now. Does that mean I could owe a ton of tax?

    Please use the above example for trading equities and options.

    Thank you for your time and help.
  2. ajacobson


    The UK allows lot averaging which changes the equation totally and kind of evens out the calculation, but you should still consult a UK tax guru.
    tradingpoker likes this.
  3. Sounds like a reason to trade through prop..
  4. tradingpoker likes this.