Recent content by taxes

Hi Paul, Sherlock Holmes you are not!!!! I have been receiving T2W emails for a long time before I started posting on this forum. In fact, I believe my first post in June 2006 was to query Global Traders' platform efficiency and directed it to this forum because of the (very distant...

Just a thought, I believe, though my memory MAY be at fult, Trade2win were recommending Global Traders two years ago!!!!!!! No comments from this forum controllers??????????????

Hi guys, You should be referring to "NOT legally effective" if you are quoting me in the context of the two last posts!!!!!! Quote from the FSA web site "FSCS protects: deposits, insurance policies, insurance broking (for business on or after 14 January 2005), investment business, and...

Hi happiesmiles007 I'm afraid you wont get any - legally effective - guarantees. All trading platforms are run by limited liability companies (in the UK Ltd or Limited; in the USA Inc.) so that if the company goes bust, that's it!! Have a good look at the company's balance sheet or only...

Hi, Fortunately for me I ceased trading with them. They never sorted out my problem and I just couldn't risk trading with that. I noticed that the FSA has today shut down their UK activities but they are a South African based company so I don't know what happens globally. I did no know a...

Hi Stevoswing CMC DO spike their spread to take out stops. They do this because in many cases they are not laying off your bet but taking a position against you. Their rules allow them to do this. I would never again put a stop on with them. When I use them I stay glued to my PC. There...

Definitely. See my post on 09/06/06

Hi Tuffti, I have just spoken with some senior people at both the Capital Gains and the Business Income sections of the Inland Revenue and it appears that they know very little about the mechanics of Spread Betting/CFD's/Futures. I believe that all three fulfil the requirements of being...

Very good! I had not noticed that reference. It does seem typically Inland Revenueish in that it appears to cloud the issue rather than clear it. I am going to research the quoted cases later this week. Many thanks.

Yes, the spreadbetting WOULD have to be connected with the trading activities, but not as closely as you suggest. The fact that they were both carried out in the same type of market (i.e. the commodities markets: the share markets; the currency markets etc.) would be sufficient. Have a look...

Pippppin I Repeat, If you are treated as conducting a trade in CFD dealings, ALL your spread betting profits could be taxed as profits of that trade. The relative quantities are irrelevent. Conversely, if your CFD trading resulted in profits and your spread betting in losses, then you...

Hmmmmmm.... was that law specifically related to those who charge very high fees to train stockmarket traders!!!!!!?

Taxation Hi, My apologies for delayed reply. My hard disk packed up and I have taken a long time to recover it's data!!! Herewith my analysis of the precedents. I put a summary of this to the Inland Revenue in April 2006 and have not yet received a reply. I chased them two days ago and...

For the same reason they don't offer 1pt spreads on indices, as Worldspreads does. Because they want to make as much money as possible! "Because they want to make as much money as possible" So do I, but I can't afford to run a trading platform!!!!

HI All, Anyone else having a problem with the Global Trader Spread Betting platform? I have now tried it on two separate computors but every day with live trading, I get at least one problem. The recurring one is that I get stopped out - correctly- at their end but the trade still shows as...