South of France?

Airthrey Capital

Well-known member
370 16
This is a long shot, but does anybody here trade from the South of France?

The reason I ask is because I spend 2 months a year (June / July) in the South of France, where I continue to trade from.

I am considering relocating there full time, with family next year.

Just wondered if there were any fellow traders out ther who are located in the Cote d'Azur area?
 

pkfryer

Active member
243 0
I trade sometimes from my parents house in dordogne for several months a year. Was thinking about buggering off to the south of france too eventually. Is it tax free? I know for sure its a damn site nicer and the houses are still reasonably cheap!
 

theknifemac

Well-known member
340 0
pkfryer said:
I trade sometimes from my parents house in dordogne for several months a year. Was thinking about buggering off to the south of france too eventually. Is it tax free? I know for sure its a damn site nicer and the houses are still reasonably cheap!

PK

Judging by the number of Frenchies working in the City I guess that tax is higher in France than it is here..... Just recently back from a week in FuerteVentura and I could see myself trading from there for sure. They're not in the EU either, not sure if that would be an advantage though !

Cheers

Stew
 

minx

Well-known member
328 10
theknifemac said:
PK

Judging by the number of Frenchies working in the City I guess that tax is higher in France than it is here..... Just recently back from a week in FuerteVentura and I could see myself trading from there for sure. They're not in the EU either, not sure if that would be an advantage though !

Cheers

Stew

I know of one trading shop being set up in Malta, also believe the cost of living there is very very cheap.
 

minx

Well-known member
328 10
minx said:
I know of one trading shop being set up in Malta, also believe the cost of living there is very very cheap.

Oh yeah, as far as I'm aware I think they have a tax deal whereby the traders pay about 4%....... am looking into it rather slowly so dont have all the details yet.
 

pkfryer

Active member
243 0
Looks like its malta then! Wasn't too keen on malta really, but I'm sure I'd manage somehow :)

4%?! Do they have broadband or is it still smoke signals they are using? :)
 

minx

Well-known member
328 10
pkfryer said:
Looks like its malta then! Wasn't too keen on malta really, but I'm sure I'd manage somehow :)

4%?! Do they have broadband or is it still smoke signals they are using? :)

Not really sure, think its a big broadband pipe, will try to get some more info today.
 

alpha_monkey

Member
97 5
minx said:
Oh yeah, as far as I'm aware I think they have a tax deal whereby the traders pay about 4%....... am looking into it rather slowly so dont have all the details yet.

Perhaps a comment for Blairlogie's useful tax thread, but.....

- Is 4% tax the vanilla set up in Malta for trading profits?
- Does the UK have a double taxation treaty with Malta?
- What restrictions are there on repatriating foreign earned (tax paid) income into the UK?

Secondly, and this is more of an open thought than a question.... Is there an offshore structure out there that is more tax efficient for the individual UK based trader than simply trading and booking trades / profits / income in the UK?

With the advent of EU expansion and high quality internet connections, the above, to me, becomes more and more interesting.

AM
 

zeeuk

Member
88 0
What not trade from Gibralter instead? Tax free (or thereabouts) and have heard communications are as good as City. And for Direct Access traders, heard CBOT have/about to put in hub - no doubt the likes of Eurex will follow suit if not already there.

Facts need to be verifies though.
 

pkfryer

Active member
243 0
If you are taxed on income whilst working abroad you are charged at the local rate, I believe. I have had several IT friends that have worked in the middle east on contracts where you dont get taxed at all, and they weren't retaxed on entry.

But trading profits isn't classed as income unless you pay yourself a fixed waged from your profits via a company. So I think it would still be classed as capital gains tax if it goes into a UK account even after taxation in the local country. But I'm not 100% sure... where can we find out about the rules?

Anyway, why would you want to bother going back into the UK? Theres better, more gorgeous places to live your life out! ... and cheaper too :D
 

MysticalTrader

Active member
165 1
Ring the Inland Revenue, but not one of the schmoes on the call centre. Alternatively, try one of the banks that specialise in offshore (e.g. Jersey), Failing that, try a beancounter, oops, accountant.

MT


pkfryer said:
If you are taxed on income whilst working abroad you are charged at the local rate, I believe. I have had several IT friends that have worked in the middle east on contracts where you dont get taxed at all, and they weren't retaxed on entry.

But trading profits isn't classed as income unless you pay yourself a fixed waged from your profits via a company. So I think it would still be classed as capital gains tax if it goes into a UK account even after taxation in the local country. But I'm not 100% sure... where can we find out about the rules?

Anyway, why would you want to bother going back into the UK? Theres better, more gorgeous places to live your life out! ... and cheaper too :D
 

zeeuk

Member
88 0
pkfryer, do ur IT mates know of any Trading firms in middle east tax free areas, or indeed anywhere in the world. I like the sound of TAX FREE! Cheers.
 
 
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