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Tax & Reporting Guide
Tax & Reporting Guide
Tax & Reporting Guide
For UK and Australian clients trading equities, derivatives, and crypto on our platform
(Last updated 11 June 2025 – subject to legislative change)
Tax obligations apply to every account, although the rate depends on your country of residence. Any tax due must be settled by the earlier of (i) the close of your local financial year or (ii) the date you withdraw profits. Please arrange payment from your own bank account or digital wallet; taxes cannot be remitted from funds held on the platform.
1 | Why we ask for your Tax Identification Number
| Jurisdiction | Accepted TINs | Who issues it | Why we need it |
|---|---|---|---|
| United Kingdom | National Insurance Number (NIN) Unique Taxpayer Reference (UTR) |
HM Revenue & Customs (HMRC) | Verify tax residency and comply with AEOI/CRS rules. |
| Australia | Tax File Number (TFN) Australian Business Number (ABN) |
Australian Taxation Office (ATO) | Same purpose under CRS and local AML/CTF laws. |
We require a valid TIN before activating withdrawals.
2 | Who is responsible for paying the tax?
- ⦿ We do not withhold or remit tax on your behalf.
- ⦿ You must pay Capital Gains Tax (CGT) or Income Tax to HMRC/ATO:
- • at the end of the tax year (UK: 6 Apr–5 Apr; AU: 1 Jul–30 Jun)
- • or immediately after a profit withdrawal
- ⦿ Funds must come from your personal or SMSF bank/wallet
3 | Stocks & ETFs
| Country | Tax treatment | 2025 thresholds |
|---|---|---|
| UK | CGT at 10%/20% after £3,000 allowance | HMRC Budget 2024 |
| Australia | CGT added to income, 50% discount after 12 months | ATO QC 21003 |
Exemptions: ISAs (UK), Super funds (AU – pension phase)
4 | Cryptocurrency & Digital Assets
| Scenario | UK (HMRC) | AU (ATO) |
|---|---|---|
| Occasional Investing | CGT on disposal | CGT on disposal |
| Frequent Trading | May be taxed as income | Taxed as income |
| Staking/Mined Coins | Income + CGT | Income + CGT |
Withdrawals to private wallets aren’t taxable events. Disposal is.
5 | Example – UK Client
- 1. Buy: 1 BTC @ £25,000 (Jul 2024)
- 2. Sell: 1 BTC @ £40,000 (Mar 2025) → gain £15,000
- 3. Tax:
- • £3,000 CGT-free
- • £12,000 taxed at 10% = £1,200 due by 31 Jan 2026
6 | Example – AU SMSF
- 1. Buy: ASX ABC 10,000 @ A$5.00 (Aug 2023)
- 2. Sell: 10,000 @ A$7.50 (Sep 2024)
- 3. Gain: A$25,000 → 50% CGT discount
- 4. Tax: A$12,500 @ 15% = A$1,875
7 | Where to Find Your Statements
- ⦿ Go to: Reports → Tax
- ⦿ Includes all required fields for HMRC SA108 / ATO CGT Schedule
8 | Professional Help
- ⦿ UK: Chartered Accountant or ATT crypto specialist
- ⦿ AU: Registered tax agent or SMSF auditor
When Is Tax Not Payable?
- You may gift shares without CGT if the recipient is:
- ⦿ Your spouse/civil partner
- ⦿ A registered charity
Must complete a formal gift declaration before transfer.
Disclaimer
The above is general information only and not financial or tax advice. Always consult a qualified tax adviser for your situation.