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Deal. And thank you, thank you!

Gosh, it is insanely complicated :(. Love the blog post, very clear. If you are ok sharing code, I know a bit of Python so I could make use of it. How do I repay you, though :)?

GAT, just to be clear, I was trying to find an easy way to match up the entries and exits but the closest I got was the flexreport mentioned which uses fifo accounting. The activity report you mentioned is more comprehensive but will be little more daunting when parsing into the format you have...

Done some further digging and the IB flexreports I have found (trades) report gains on a FIFO basis. I guess there is some work to do in aligning the calcs with UK section 104 as you have done. I hope you don't mind a couple of follow-up Qs: I assume your report uses average pooled cost basis...

Wow, this is very helpful. If 'likes' are the currency of gratitude, I am afraid I have no choice but to underpay you here :). Your script certainly provides an incredible amount of detail, but I suppose you can never be too transparent with good old HMRC. Just wondering if you are running this...

Thanks - I am not sure how to calculate turnover for futures. Some contract notionals exceed that for a single contract. Do you mean PnL? Also please could you point me to link showing a long tax form?

Does anyone know how much detail is required in the tax return when submitting to HMRC when trading futures? If you have done a 100 round trip trades in a tax year so have realised the gains/losses in that year, do you have to list each trade and the realised gains and loss for each of those...

Hi GAT, don't know if this correlation question is related. However in your excellent first book (page 294), you provide a rule of thumb adjustment from instrument rets correlation to subsys correlation ~ 0.7. I assume is because you are multiplying the covar matrix by 1/2. Out of interest is...

Thanks all, for the input. Here is something I found on the HMRC site which seems to indicate that capital losses can be carried forward for up to 4 years currently

Hi GAT - I know this is an old thread but did this ever get settled? I have just started trading futures and am trying to run some simulations on future net returns but not sure whether to use a CGT tax rate or income tax rate. Also if trading is subject to income tax and I have a loss making...