Recent content by Mikey12345

Hi, Does anyone jnow thje correct way of filling out this form for a uk corporate account. Normally as a individual you fill out part I and part II only a. I have been told that because this is a LTD company I only need to fill part I. Is this correct. Many Thanks, Mikey.

True, The cost of running a ltd company is approx 2-3000 but i think this is worth it even if your profits are less. Your attitude and disipline change when you trade in a serious and professional way.

I started this thread in hope of finding someone who is allready trading through a ltd structure. I still think that a ltd company is the way to go if you are a fulltime trader. Paying 24% a year on profits seems very good. If you have a large pot why not use the company to own property/cars or...

The new Entrepreneur’s relief will be available in respect of gains made on the disposal of business assets. Any Company that has assets will qualify upon liquidation.

To respond to Anley. I know this might sound strange but the making money assumption is not an issue. If i was trading small amounts of money and having to work fulltime as well then maybe the company structure is not right. If the fulltime trading is not classed as cgt then to pay 50% on all...

If you trade fulltime is the money that you make classed as a capital gain? If not anything over 150,000 is 50 %. Also, the M&A's are very generic. The company is a closed investment and is allowed to invest its own funds. My accountant has looked at this and sees no problem.

My plan is quite simple pay youself a very low paye salary let the profits build up. When you have a large enough amount you either pay 10% cgt on 5mill (Entrpreneur relief) or move to a tax haven and pay yourself a dividend. I know that spreadbetting seems to be the ideal choice but you cannot...

I guess if you want to manage other peoples money this is agreat way to show your performance. Also it demonstrates that you have a disiplined business approach. Has anyone been sucessful in moving on from the limited company and is trading a fund?

Thanks Rainmaker, I have allready Incorporated and have a bank account.One more reason for trading through LTD is that your mindset changes because now this is a real business. How do you know what class your company is?

Sorry my typing is bad

Thanks, but the my company will only its own money. I have being trading for 15 years quite successfully and am being frustrated watching managers perform badly but still being compensated handsomely. I am so confident of my performance it makes sense be transparent. What I really would to know...

Thanks for the reply, My issue is not with the tax. As i trade us equities spreadbet is not an option. Im trying to build a name for myself. I would like my results to be transparant. Tha corporation tax is basically the same as personal tax. When you have a significant amount you can liqudate...

Hi, I have been trading as an individual for many years and I am quite successful. My trading account is getting quite large now and have decided to set up a ltd company that I will use to trade through. I am doing this for three reasons:- 1. To organise the taxation in a simple way. As the...

Thanks Option911 for your help. best regards, mikey.

Hi Option911, I looked at those articles which were great. I was trying to plug the formula in excel but i could not seem to work out the 2.8 figure. My math is not that great im afraid. How do you arrive at that number. Also from your extensive experience is it really worth me trying to master...