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. . . . (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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