scose-no-doubt
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That's specialist stuff and is probably more about finding and interpreting the correct legislation rather than simply reading a book but if I had to point somewhere I'd say give Tolley a call.
greegsy247
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Hi Tubbs i am interested to know if youve made progress on your UK Futures trading tax as its the very reason why i have joined this site, kind regards Greg.
Are you using IB as a spread bet or out right trading, spreadbetting is tax free trading in the UK at the moment.
greegsy247
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No; working with intraday gold & crude futures contract, we are operating on the premise that by dealing with a Uk Broker (likley to be Berkeley Futures Limited) it will simplify the matter of tax and the best way to go about structuring it from there i.e trust, individual etc
Check the brokerage out re Berkeley and IB.
There isn't any reason these days to pay anymore money for brokerage if you're dealing online, assuming the online software is good.
A penny saved with trading really is a penny earned as it goes straight to the bottom line...........
There isn't any reason these days to pay anymore money for brokerage if you're dealing online, assuming the online software is good.
A penny saved with trading really is a penny earned as it goes straight to the bottom line...........
greegsy247
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Ok thanks for that 
Interactive Brokers doesn't offer spread betting to my knowledge.
And no - I haven't made any progress on this issue.
Is there anyone UK based that trades through Interactive Brokers here? And has more than £10,000 profits in a year so they actually have to pay tax.
Thanks,
And no - I haven't made any progress on this issue.
Is there anyone UK based that trades through Interactive Brokers here? And has more than £10,000 profits in a year so they actually have to pay tax.
Thanks,
This may be blindingly obvious, but why not get in contact wit HMRC?
