I am currently looking at becoming a full time trader. I would be grateful if someone who is already doing this could explain the situation regarding self employment (are you set up as a sole trader?) and tax (do you pay income tax or is it purely covered by the capital gains tax?) As I say I would be very grateful if anyone already doing this could give me a few pointers.

Many Thanks,

Biscuit

Better to stay with the CGT way, IMO.. unless you have a lot of expenses.. cos you lose your CGT allowance that way and have to pay tax on all the gains... unless you have a lot of costs that is!