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Common tax planning Q&A's for forex traders & investors
17/08/2009
Anyone new to trading or investing in forex will want to know how they'll be taxed in the UK on any profits or gains they make, how they'll get tax relief for any losses and tax planning opportunities. Here's some of the most common tax Q&A's for forex traders/investors? . . . keep reading

10 Ways For Traders To Avoid the New 50% Rate of Income Tax
14/08/2009
The new 50% rate of income tax that applies as from 6 April 2010 will affect many high income traders. It will effect not only self employed trading income but also interest, dividends as well as salary income and other investment income (eg rental profits). In this article we look at some of the tax planning options to avoid the new 50% tax rate . . . keep reading

How to be a 'tax exile trader'
10/07/2009
Many traders are keen to escape UK taxes, particularly income tax which will reach 50% from April 2010. Moving abroad and establishing themselves as a tax exile is in many ways one of the most straightforward options for avoiding UK taxes. This article looks at the opportunities for UK traders and investors to avoid UK taxes by becoming tax exiles . . . keep reading

When you can carry back capital gains tax losses on futures and options for up to two years
12/06/2009
Usually capital losses can only be either offset against other current year gains, or carried forward for offset against future capital gains in the future. They can't be offset against other income. This article looks at one special case when capital losses can be carried back for up to 2 years . . . keep reading

Becoming a tax nomad to avoid tax on forex/shares
04/05/2009
Following a post on our forum we've looked at becoming a tax nomad to avoid tax on your share/forex/CFD or option trading/investing activities. Essentially becoming a tax nomad means that you lose UK tax residence status and you don't acquire tax residence in any other country. Although it sounds simple, it's actually not this straightforward . . . keep reading

Why Malta is a favourite tax haven for share and forex traders
01/05/2009
Malta is situated in the Mediterranean, just below Sicily and whilst it's not a well known tax haven it does offer some excellent tax planning opportunities, particularly for share & forex traders & investors. This article looks at why Malta is fast becoming a favorite destination for traders looking to reduce taxes . . . keep reading

Changes in the 2009 Budget for investors & traders in shares and forex
22/04/2009
The 2009 Budget has included a number of amendments and proposals to be introduced over the next year or two. In this article we summarise the key changes that may affect our members. We'll be looking in detail at some of the key changes over the next week or so. . . . keep reading

National insurance for share, forex & derivative traders
13/04/2009
One of the big advantages that financial investors have over financial traders is that they aren't subject to national insurance. This article looks in detail at how national insurance applies to traders . . . keep reading

The mark to market basis for financial traders and reducing tax
08/04/2009
Any financial traders will be taxed on the annual profits as stated in their accounts. There will be tax adjustments to the profit figure in the accounts, but generally it is the accounting profit that would be the initial starting point. Therefore using the correct accounting policies can have a direct impact on the amount of income tax payable. This article looks at the use of mark to market accounting for financial traders in the UK . . . keep reading

Best tax havens for traders and investors in shares, options, forex and CFD's
Moving overseas to avoid taxes is a common dream for many financial investors & traders. If you're earning good profits there's no real reason why you need to be in the UK. You could just as easily trade from overseas as you could your UK home. One of the key questions though is where to go. There's no point in 'jumping out of the frying pan and into the fire'. You need to ensure that anywhere you move to overseas would reduce your overall taxes. This article looks at the best tax havens for investors and traders . . . keep reading

Calculating foreign exchange gains and losses for anyone investing in overseas shares
For anyone investing in overseas shares (or other financial assets) it's worthwhile noting that as well as capital gains tax on overseas assets (eg shares) you will also need to consider the capital gains tax position of the overseas currency itself. This article looks in detail at the position of foreign currency gains and losses on overseas shares, including detailed examples of how gains and losses would be calculated . . . keep reading

Spread betting via a company and UK tax
We all know that spread betting is free of UK tax and NIC. However what if instead of spread betting in your name you spread bet via a company? This article looks at the tax position for the company on any profits or losses from a spread betting activity . . . keep reading

Day Traders & Investor Status for Tax Purposes
Before the 2008 budget for most share speculators there were not significant differences between share trader and share investor status. This article looks at trader v investor status for day traders taking account of the 2008 capital gains tax changes . . . keep reading

Basic techniques to avoid capital gains tax on shares
There are a number of options available to a share investor to reduce tax. This article looks at some of the basic options available to investors to reduce capital gains tax . . . keep reading

Are you trading or investing in options, and futures?
The tax legislation makes it clear that there are only two options for how any profits from options and futures can be taxed. If it can't be classed as income from a trade then it's capital gain. This article looks at when you will be trader or investor in options and futures . . . keep reading

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