Although not to be taken as tax advice, we understand that UK tax law currently exempts UK residents from paying capital gains tax on winnings from binary options trading. However tax legislation and its interpretation can change and the tax treatment of binary options trading may differ according to your personal circumstances. Tax treatment in jurisdictions other than the UK may be different as tax rules vary from country to country.
All MarketsWorld transactions are legally processed under approval of the government of the Isle of Man. All transactions and trades shall be considered to be originating from and governed by the laws of the Isle of Man. MarketsWorld pays the tax applicable for your trades in the Isle of Man however it does not report customers’ account activities, winnings, or losses to government taxation agencies outside the Isle of Man.
We cannot provide you with tax advice and therefore recommend that you seek your own independent advice from a person authorized to give such advice in your jurisdiction. It is your responsibility to follow your own country’s taxation rules.