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Income tax planning for investors & traders
If you're classed as a trader in Shares, Forex, Options, Futures or CFD's you'll be subject to income tax on your trading profits. As the top rate of income tax is 40% in 2009/2010 (rising to 50% from 6 April 2010) any strategies to reduce this can have a significant impact on your 'takehome' profits. In this section we include articles that cover: how traders can reduce income tax on their trading profits, and
how investors can reduce income tax on their interest and dividends
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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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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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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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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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Tax for non UK domciliary 'trading' overseas stocks
Many non UK domiciliaries are living in the UK and investing in both UK and overseas shares/stocks. Assessing the UK tax implications will be crucial. This article looks at the tax treatment of and UK tax planning opportunities arising from non UK domiciliaries investing or trading in overseas stocks . . . keep reading
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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
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UK tax on a strangle option strategy
Strangle options are primarily a method of retaining exposure to potentially favourable movements in a share price whilst also limiting the potential risk. It is achieved by buying a combination of puts and calls. This article focuses on the UK tax implications of a strangle option trade. It includes example illustrating how UK tax is calculated . . . keep reading
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Overseas interest & deducting UK tax at source
25/09/2009
In some circumstances you'll need to deduct UK tax at source from interest. Where the provisions apply you'll need to deduct basic rate tax (20%) and account for this to HMRC. In this article we look at the nature of the deduction at source provisions and how to avoid tax being deducted . . . keep reading
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Non Dom Traders and overseas bank accounts
18/09/2009
Non Dom traders may well have an overseas bank account. Where this contains different income sources or a mixture of taxable income and tax free capital the rules governing the extraction can be difficult. In this article we look at tax planning principally for interest for non doms with overseas bank accounts. . . . keep reading
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Using an offshore company for forex trading/investing to reduce tax
09/09/2009
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
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Tax treatment of Euro Bonds
21/08/2009
Following an e-mailed question we've looked at the tax treatment of Eurobonds in this article. In particular we've looked at the capital gains tax and income tax treatment . . . keep reading
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Tie Breaker Clauses and Establishing Residence Overseas
19/08/2009
If you're looking to leave the UK and establish non UK residence under the terms of a double tax treaty, the chances are you'll need to utilise the tie breaker rules to establish treaty residence overseas. This article looks at the interpretation of the tie breaker rules and how they apply to traders looking to establish non UK residence . . . 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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