Based in UK US futures Broker Taxation

4uvak

Newbie
5 0
Hi everybody. I have a question about a US taxation for someone based in UK. I started filling W8 form for my broker and it says that if I want to claim of tax treaty benefits i need to have the US taxpayer identification number. I phoned to IRS they told me that I have to be utilizing the services of a gaming official as an IRS ITIN Acceptance Agent. Should I claim tax treaty benefits at all? Does it make sense? Can anyone help with this? Or maybe you can suggest any good accountant regarding that issue
Thanks
 

bootsyjam

Active member
229 21
Use a UK futures broker! Berkeley futures-reliable but expensive. Interactive brokers, hard to set up with charts/permissions etc initially but is good. Note, you will have profits in USD if trading in EURUSD so need to convert to £, only $2.50 conversionm charge at spot rate (I have gbp acct with them). Like I said, they're tough to get your head round, but when you do I think it's worth it-cheap commission too, about $3.50 per round trip on currency/index futures
 
 
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