Declaring CFD transactions

Declaring CFD transactions

Question:
Hello!
I have two questions and they are as follows:
1. Are CFD transactions (in Admiral Market, for example) indicated with code 508 in the annual tax return?
2. Is an employee appointed under the CFD Act entitled to such income?
Thanks in advance!

Answer:
Hello,
If you are filling out Appendix 5, you indicate code 508. However, if your transactions are frequent - more than 2-3 per month, the NRA would consider this to be a commercial activity by occupation and you should fill out Appendix 2.
Regarding an employee appointed under the CFD Act - we are not lawyers, but as far as we are aware from our practice, civil servants have no restrictions in terms of income, but in terms of commitment to companies and third parties (in the form of participation in Companies, civil contracts and other contractual relationships). However, our advice is to consult a lawyer on this matter.
We hope we have been helpful!
Best regards!