CFD trading as primary and secondary income (Pt 2)
Question: Thanks for your response to my previous question with the same subject title. Assuming that we are classed as speculators rather than traders for tax purposes (e.g. we don't employ any sophisticated, organized, hedging activities and I gather achieving trader status is anything but straightforward), what tax arrangement could be most favorable given each of us generate GBP80k trading profits? Note that my partner earns over GBP150k through other full-time employment. How would this arrangement differ if we both decided to trade CFDs full time from home? Many thanks for your help so far. This site truly is a God send. . . . (to read the remainder of this article, please log in below.)
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at 'YourTradingEdge' magazine and the author of 'The Investors Tax Bible'
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