Investing in Crypto/Shares on Tier2

[A2020uk]

Hello, hope everyone’s doing good

Was checking if a tier 2 general visa holder can invest in crypto currency, shares and also what about lottery winnings please ?

Thanks !

[icub]

Hi,

I have recently opened a Stocks and Shares ISA and started to invest in stocks on Tier 2. Since ISAs are literally classified as tax-free "saving" accounts, I assumed it won't be creating any issues. However, standard investing accounts may create a problem for Tier 2 holders as any profit will be subject to the capital gains tax, I am not so sure if it's considered as a secondary job though.

AFAIK cryptocurrencies are not regulated in the UK law and lottery winnings are not taxed. Similarly, day trading via spread betting is also considered as a lottery game and it's not taxed unless you are not doing it instead of a full-time job.

good luck

[JohndoesUK]

I don't think that just investing in shares or buying and holding other types of assets (e.g crypto assets, real estate etc) is forbidden. I also have an investment account and an ISA that I use to invest in equities.

People with no right to work in the UK at all can hold UK assets so I don't understand why the UK government would not allow people with limited leave to remain to also hold UK assets.