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Tax Planning for 
Shares, CFD's, Options, Forex & Futures
If you trade or invest in Shares, CFD's,
Options, Futures or Forex join the UK's only
website focused on reducing your tax bill. You will have immediate access to:
- Hundreds of pages of 'members only' tax planning articles, reports and downloads just for financial traders & investors
- Free help with YOUR trading tax Q&A's. Get one to one tax planning guidance from trading tax experts with our trading tax Q&A service
- Our FREE tax guide 'Tax Planning For Forex Traders'
- Our members only discussion forum where you can get opinions, advice and practical help from other financial traders and investors
- Our monthly members only tax planning newsletter with the latest tips and opportunities for traders and investors
- All the other benefits in the members-only section including checklists, our tax
Q&A resource directory and automatic updates of the latest tax changes affecting traders
Read reports from the resident tax experts at YourTradingEdge magazine and the author of 'How To Avoid Tax On Your Stock Market Profits' |
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Top Download |
 DOWNLOADABLE TAX GUIDE:Tax Planning For Forex Traders
This tax guide is available only to our site members. If you're a forex investor or trader it makes essential reading and looks at some of the essential tax planning opportunities available to you. Topics covered include when you can use offshore companies, how to use a UK company to reduce taxes, what effect using an offshore forex broker will have on your UK taxes, top reliefs and exemptions to reduce your taxes and much more . . . keep reading
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 The Top CGT free countries for financial investors
If you want to sell shares or other financial investments free of capital gains tax, once of the best ways to achieve this is to move abroad and establish residence in a CGT free country. In this article we've looked at some of the top countries that don't levy CGT . . . keep reading
 AIM shares and Entrepreneurs Relief
Now that taper relief has gone for all disposals after April 2008, investors in AIM listed shares will need to reconsider whether they'll still qualify for beneficial rates of CGT. This article looks at Entrepreneurs Relief for AIM investors . . . keep reading
 Using a company to reduce tax on forex/share trading
One of the most popular tax planning questions for forex or other financial traders is 'Should I use a company to reduce tax?'. This article looks in detail at when using a company is beneficial for forex and share traders/investors to reduce their UK taxes . . . keep reading
 UK tax on a bear call spread
A bear call spread is a popular trading style where you have a negative, bearish view of the market. This article looks at the income/capital gains tax implications of a bear call spread . . . keep reading
 Capital Gains Tax on closing sales with options
A closing sale occurs when an investor buys an option identical to the one they have written. This article looks at how closing sales are treated for capital gains tax purposes. . . . keep reading
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Tax Treatment of Capital Losses
Question: Hi..I started trading as a sideline last tax year..only did about 15 trades in the year..traded precious metals ETFs and leveraged Precious metals ETFs..was a disaster and made a £6 k capital loss. I am self employed and due to fill out my self assessment..can i claim this loss against income tax or is the loss only allowable against future capital gains? I have no traded since in my name ...but do so within my partner's accounts...so to the tax man my trading career was short ! I am aware of the controversy re whether one is classed as an investor or a trader....so i suppose it hinges on how the taxman will consider me...what do you think? . . . keep reading
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The Top CGT free countries for financial investors
If you want to sell shares or other financial investments free of capital gains tax, once of the best ways to achieve this is to move abroad and establish residence in a CGT free country. In this article we've looked at some of the top countries that don't levy CGT . . . keep reading
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30 day rule
Question: if i bought 5million shares for 10 grand, sold those 5 million shares for 50 grand, bought all the 5 million shares back in same company for 30grand (within 30 days) when the price went down would i then only be liable for cgt on the 20grand left. thanks . . . keep reading
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Spot forex trades and UK tax
Question: As a non-resident of the UK for 3 years, are spot forex trades made on my UK forex account subject to tax? Should I be entering losses, or gains on my UK tax return? Answer: No, if . . . keep reading
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Forex mortgage & UK tax
Question: I have a multi-currency mortgage on a UK property taken out while living outside the uk. The mortgage company is based in Hong Kong. I am now 3 years non uk resident. Is any gain, or loss I may make when currency switching the mortgage effected by UK tax? Should I be entering it in my tax return? . . . keep reading
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Tax on trading futures
Question: I am about to start trading futures in a personal account, without any company backing. I intend to do high frequency trading - i.e. opening and closing both long and short futures positions up to several times a day. Can I qualify for CGT treatment? If I intend to continue living in the UK, is there anything I can do to minimize my taxation of my trading profits? Thank you. . . . keep reading
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Spread betting tax query
Question: I am considering financial spread betting on behalf of a few friends who are aware of the winnings I have made and want to risk some of their money with me. There are broadly two ways I can see to do this: 1. They give me money they are willing to risk and, at my discretion, I bet with their money (alongside my own money) and we share any of their winnings 50/50. I would give them 50% of winnings. 2. My broker also allows account holders to set up a 'power of attorney' on accounts. This means my friends would complete a power of attorney form with the broker allowing me to bet on my friends behalf from their own accounts. I would place bets on their accounts in the same way I do on my account and we would agree to split their winnings 50/50. They would give me 50% of the winnings. My questions are: a) Would both of these be tax free arrangements? b) Is there a preference of one over the other? I note (1) is me giving them 50% winnings and (2) is them giving me 50% winnings. c) At the moment I have 2-3 friends interested. Would there be an issue if more friends were involved (say 5-10)? d) Assuming there is a tax free system here, I understand that it wouldn't have to be mentioned on HMRC self assessment, as there is no box that deals with it. Is this true? . . . keep reading
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2009 Pre Budget Report Changes
As expected there were few significant changes in the 2009 pre budget report and it looks as though they won't make the major tax hikes until after the next general election. In this article we revierw some of the key changes as they may affect our members. . . . keep reading
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Futures Tax Implications
Question: I am currently a company backed trader on a 18% tax regime. However my circumstances are about to change and I am about to become a self-backed trader at a different company in London. I trade outright futures contracts in both bonds and equities and need to advice on sole trader status vs setting up a company, or whether there are alternative tax choice . . . keep reading
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Structure for Forex Trading - Personal vs Company
Hi, My day job is providing consulting services through the my limited company, of which I am co-director. I pay myself a modest salary and dividends from the company and I am not utilising my capital gains exemption. Although I not working at the moment, this will continue to be my primary source of income. Recently, I attended a course to learn how to trade Forex. I am initially going to trade in US currency and use a US broker. As I am new to this, I am not expecting large profits so I see this as a a secondary source of income/investment. My interpretation of your forex tax planning guide is that I should trade personally, and not via a company. Based on my personal circumstances, can you please advise me on how to best structure Forex trading in a tax effective manner? I would also like to know whether I can deduct the expense of educational courses, literature, platform and data subscription costs which can be significant. I look forward to your reply. . . . keep reading
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UCITS and UK tax
We've had some queries from members asking how UCITS funds are taxed. In this article we look at the UK tax implications of investing in both UK and overseas UCITS funds. . . . keep reading
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HYIPs Tax?
Question: I am a UK resident for Tax purposes. If I partake in online HYIPs and make a profit how is this viewed for tax purposes? As these HYIPs can disappear I wouldn't consider that I have made any profit until it is in my bank account. Would this be correct thinking? . . . keep reading
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Tax advice on CFD's
Question: I have read a lot of information on your web-site and am a bit confused about whether my CFD buying would be treated as an "investment" or "trade". I am a full time Sch E employee in a bank earning c£100k p.a. Throughout this year in my spare time I have invested a significant amount in CFDs. I have built up a sizeable CFD position of c£1.6m (across about 30 different companies) and I currently have realised a significant unrealised profit of c£400k. I also have realised losses of c£60k from Q4 last year. I would classify myself as an investor because I plan to hold the CFDs for the long term (rather than a series of short term trades), and have not really sold any of my CFDs (other than some small holdings that were sold due to stop-losses being activated etc). Given the above circumstances, do you think HMRC would view me as an investor or trader? . . . keep reading
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Transferring a pension fund abroad
Before 6 April 2006 it was very difficult to transfer your pension overseas but the pension changes also brought with them 'Qualifying Recognised Overseas Pension Schemes. This article looks at QROPS and how they can be used to transfer UK pensions and reduce UK tax. . . . keep reading
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Forex records
Question: I have an Offshore Managed Forex account, what sort of records do I need to keep for Tax purposes. . . . keep reading
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AIM shares and Entrepreneurs Relief
Now that taper relief has gone for all disposals after April 2008, investors in AIM listed shares will need to reconsider whether they'll still qualify for beneficial rates of CGT. This article looks at Entrepreneurs Relief for AIM investors . . . keep reading
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Using a company to reduce tax on forex/share trading
One of the most popular tax planning questions for forex or other financial traders is 'Should I use a company to reduce tax?'. This article looks in detail at when using a company is beneficial for forex and share traders/investors to reduce their UK taxes . . . keep reading
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Where assets are located and why it's important for CGT purposes
For most people who are classed as UK resident and domiciled where assets are located is pretty much irrelevant. These will be charged to capital gains tax on their worldwide gains in any case so whether they're here or overseas will make little difference. However, for other the location of assets will be crucial in terms of determining the correct tax treatment. This article looks at the location of UK and overseas assets for UK tax purposes . . . keep reading
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"I've found this website very useful in reducing tax on my forex profits. It's definitely worth the subscription fee."
Adrian Childs
Edinburgh
"After having inconsistent advice on other forums it's been great to finally get to the bottom of what I can and can't do to reduce my taxes!"
Peter Young
Cyprus
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About this Site
