Does anyone know how much tax I need to pay

[Pezerinno]

on foreign currency exchange gains? This is currently my only source of income.

Thanks!

[Badger0-0]

I'd have thought the standard CGT, after your allowances?

[abraxus]

Although if it's your only source of income it may fall under income tax. Best to talk to an accountant, or wait for a tax accountant here to post.

[Ultima]

Broadly speaking, if it's a one off personal transaction then there will be no tax to pay. If the gains arise on the disposal of assets then CGT will apply and if you are trading in foreign exchange income tax rules apply just like any other form of self-employment.

[Pezerinno]

Thank you for the replies; looks like standard income tax then.

Nick.