Recent content by Amun-Ra

Stevespray and Vaco - When I first started looking into the tax implications of being a fulltime professional spreadbetter (with no other income whatsoever), I took a look at HMRC's website and initially agreed with Vaco. BUT, having looked at HMRC's site, it's obvious that it's a grey area and...

You have a letter from HMRC saying SB is free if it's your only source of income, or a letter stating it's tax free if you have an alternative source of income? Head Tax man - from your local office or bigwig right at the top of HMRC?

I suppose it would depend upon how much time and effort is expended in each activity and how each activity is organised. If you go back a page you'll see what John Whiting of CIOT wrote on a BBC site in relation to tax questions. It's not black and white unfortunately, but I'm sure that suits...

Last time I looked (which was a couple of years ago) property was fairly expensive there. Big change, climate wise from Malta, but you'll be closer to civilisation with both Spain and France next door. Let us know what you think of the place after 18/24 months or so. Was it easy to relocate there?

Thanks for the information. Could you get a detailed answer/argument from him/her as to why they believe it's tax free and post it here? Everyone seems to have a different opinion and there seems to be no concensus as to the correct treatment of SB profits for tax purposes. I can only refer you...

Hiya Steve, I've also tried to dig up as much information on the subject as I can as well, and HMRC's website isn't exactly definitive on this subject. I don't know if you know who John Whiting is, but he's a tax specialist, so rather than trusting my own judgment and interpretation of tax law...

so true! maybe i should start buying lottery tickets again.

This should hopefully resolve the issue. It's on the BBC Business page and is a question and answer session with John Whiting. It's question 16 on this link: http://news.bbc.co.uk/1/hi/business/10294803.stm For the idle among you (like myself), here's the question and answer: "INVESTMENT Q16...

that's a cracking video. i'm sure you could probably apply the same graph to the Yen and Sterling.

SanMiguel - "Won't happen". I agree, especially after the credit crunch. every western govt needs every cent/penny it can get it's hands on. there'll be no free lunch (except for bankers) for a long time. Is this why you are thinking of leaving the UK SanMiguel - The potentially much reduced...

"If trading CFDs was your main income, wouldn't that count as income tax not CGT? " Depends which country you choose. I know that Cyprus excludes shares/trading from CGT, so it's currently tax free. I'm pretty sure it's the same in Gibraltar. It would be different though in a country such as...

I gathered from the little flag under your handle that you are in the UK. What's wrong with the UK? It has great weather, cheap houses, a tax burden which will be getting lower and lower over the next few years. What's not to like about this place? Hehehe, on a serious note in reply to your...

I have no idea whther that is still the case - it's been 3+ years since my last post on this subject. But if Europe is where you want to trade from why not take a look at Cyprus, Gibraltar or montenegro. All have no CGT for CFD trading, or you could as someone else mentioned trade using...

Does anybody know where I can get RELIABLE volume data for the FTSE 100,250,....etc (either EOD or intraday) either for free or on any of the software/internet based subscription services? I've checked Yahoo Finance out and their data doesn't match that from the LSE, and I can't find the data...

and literate