Question: I'm resident non-domicilied in UK, I m trying to open a broker account with an US main online broker. For regulation purpose, it has a UK based branch regulated by FSA that arrange all Europe services included: - Counterparty to my client agreement - Review my account - Provide my statements - Provide tools to request funds in and out of my account, etc... Meanwhile,the US LLC broker company will hold clients funds and assets, acting as carrying broker and/or custodian. Therefore, UK acts as introducing broker/Us as carrying broker and/or custodian. I read the already posted articles in this website and it seems if I trade "foreign assets" and I don't breach the remittance rule (I don't send back to UK the related income/gains) I m not taxable in UK on those income/gains. My question: if I sell a foreign asset making a gain, and cash are kept by US LLC broker, instead statements are sent to me by UK broker branch (who actually I have signed a brokerage service agreement with) does it breach the remittance rule? is my gains sent back to an UK third party? in case I want to withdrawn money from that broker account, making it payable to my other country banking account than UK, I need to worry if it goes trough any UK broker branch banking account? In general, in such circumstances what are the main things to care of for. Thanks. . . . (to read the remainder of this article, please log in below.)
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