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Posts 1 to 10 of Forex trading through my LTD. Add Thread to del. Forex trading through my LTD Any advantages to doing this through the LTD as opposed to as an individual? What are the liabilities - CGT, corp tax both?

Company formation for forex trading and paying taxes - Finance, Legal, Offshore

Just a basic overview would be nice Did I mention I'm looking for a new accountant as well? Originally Posted by Jog On.

Any advantages to doing this through the LTD as opposed to as an individual? Originally Posted by northernladuk.

You are a long time poster, you should know better. Both these topics have been done to death plenty of times. The search button should come back with enough threads to keep you happy for hours. If you want to invest I believe if you have to watch the limits. If you do over a certain rate depending on your income you will have to recatagorise your company as an investment company not an IT contracting one for a start so FRS will change etc.

I was talking about currency trading to a colleague the other day as an individual. He said that any money you make is tax free as it's looked upon as a form of gambling.

Don't know how true a statement this is though, but might be worth looking into. Originally Posted by adestor. Yeah this is the kind of thing I'm looking for clarification on.

I think that's the case for spread betting and futures - not sure about FX though. HI If done via spread betting then this is gambling as far as revenue is concerned Futures contracts are not gambling so are potentialy taxable. There are some odd rules here that, with exchange rates moving so much recently, have some very nasty effects someone with overseas property maybe paying gains tax despite having made no cash profit losses on foreign morgtages can't be offset I'd try a search in "moneysavingexpert" forums and I am sure you will find so threads covering this to some extent.

Sorry dont' know exact answer off top of head! The company will only pay Corp Tax not CGT.

A company that only does frequent short term FX trading is likely to be a trading company not an tax saving scheme in indian bank company so pay lower rate corp tax birkenstock sales toronto first K of FX trading profits.

If the company download indikator forex tcci IT Contracting with FX trading then the FX profits are more likely to considered an investment. Spread betting in your own name is tax free unless forex trading through limited company do weird things like run your own spread bet book with members of the public and use another spread bet firm to offset risk.

In a personal brokerage account FX speculation will be most likey subject to CGT even if you do it short term. When short earn cash with paypal trading in your own name and wanting to claim CGT, it is important to think of it and refer to it as 'speculation' and not as 'trading' if speculation is in fact what you are actually doing.

My suggestion is to look for a broker which does not disclose tax data. Register as an individual and start trading. When you apply for a corporate account, you must provide all the documents for the registered owners, board of directors, registration documents etc. In my opinion is too much of a hassle.

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