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Latest Forex Tax Planning Articles 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 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 Using an LLP corporate partnership structure to reduce tax on trading profits With the rise in the rate of income tax from 40% to 50% next year using a corporate partner/LLP structure could be an option for traders looking to reduce tax. . . . keep reading Forex records Question: I have an Offshore Managed Forex account, what sort of records do I need to keep for Tax purposes. . . . 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 Traders & Investors Returning To The UK After Living Overseas When you return to live in the UK after living and/or working overseas you'll need to pay careful attention to the tax position, particularly in relation to your investments. In this article we look in detail at the tax position for investors and traders returning to the UK . . . keep reading How traders can use a corporate partnership to avoid the new 50% tax charge Many traders will see their tax bills increase substantially with the advent of the new 50% rate of income tax from April next year. In this article we look at how using a partnership/LLP structure with a corporate partner could substantially reduce the UK tax liability on trading profits . . . keep reading Using an offshore company for forex trading/investing to reduce tax One of the most common questions we have is whether as a UK resident you can use an offshore company to trade or invest in forex & reduce your UK tax charges. This article looks at how using an offshore company to trade or invest in forex is taxed in the UK. It considers the position for UK resident domiciliaries and non UK domiciliaries . . . keep reading Currency derivatives (options, swaps and forward contracts) and how they're taxed for UK investors and traders Currency derivatives cover various investment categories. This article looks at how investors/traders will be taxed on profits or capital gains from investing in different currency derivative contracts . . . keep reading How non dom traders can make the most of overseas capital for tax free remittances Many non dom traders are concerned about how to remit overseas cash free of UK tax. In this article we look at the position of overseas capital, including exactly what it is, howe it can be remitted tax free and the position of mixed funds . . . keep reading More

Forex Tax Planning