Hi,
I've read around a few threads here and haven't really found what I'm looking for but have learned a great deal along the way.
I'm trying to establish what (if any) benefits there are to a UK futures trader using Internax (based in Luxembourg) to trade, rather than say someone like Etrade based in London.
My hope was there would be some tax benefit, but as a UK resident it is clear to me that gains from futures trading anywhere are likely to be taxable as income or capital gain (arguable based on posts here).
My only remaining question I suppose, is there likely therefore to be a benefit of a luxembourg based broker being outside the juristiction of HMRC and not exposed to the disclosure requests agreed by the UK tax authoirites to access offshore account details of UK residents? Any views welcome.
I've read around a few threads here and haven't really found what I'm looking for but have learned a great deal along the way.
I'm trying to establish what (if any) benefits there are to a UK futures trader using Internax (based in Luxembourg) to trade, rather than say someone like Etrade based in London.
My hope was there would be some tax benefit, but as a UK resident it is clear to me that gains from futures trading anywhere are likely to be taxable as income or capital gain (arguable based on posts here).
My only remaining question I suppose, is there likely therefore to be a benefit of a luxembourg based broker being outside the juristiction of HMRC and not exposed to the disclosure requests agreed by the UK tax authoirites to access offshore account details of UK residents? Any views welcome.
