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Related UK Tax Questions
If a forex trader has yet to make a NET profit in a
If a forex trader has yet to make a NET profit in a financial tax year do they still need to register for self assessment. Therefore, assuming a forex trader makes profitable trades that in total may … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
Is our end of year tax return (for a self employed sole
Is our end of year tax return (for a self employed sole trader) completed once per year at the end of the tax year or should profit be reported more regularly? Also is this process simple enough to do… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
9,898 satisfied customers
I have a question relating to paying tax on Forex trading. I
I have a question relating to paying tax on Forex trading. I am now a consistently profitable trader in the UK, I do not use a spread-betting account, I use a True ECN account. I understand I should p… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
I'm interested to invest in 'managed trading account'.
Hi Sam, I'm interested to invest in 'managed trading account'. Company is based in Asia. I simply open account with them and they trade in forex market, futures contracts, crypto-currencies, etc. I'm … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,761 satisfied customers
I need advice on uk tax for trading forex. Do you deal with
HI there. I need advice on uk tax for trading forex. Do you deal with UK tax? … read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
9,898 satisfied customers
How to I input the capital gains losses I have incurred from
How to I input the capital gains losses I have incurred from Forex trading in my Self Assessment?… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
Hi, I am employed full time and pay tax. At the moment I am
Hi, I am employed full time and pay tax. At the moment I am trading in spot forex not spread betting. Is forex trading liable for capital gains tax or something else. And how would I go about declarin… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have a friend who is unemployed and has no other income apart
I have a friend who is unemployed and has no other income apart from his investments in forex managed accounts and automated signals/systems (not spread betting). If he makes £70k this tax year, for e… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am thinking of investing in buy to let property. Some properties
I am thinking of investing in buy to let property. Some properties I intend to refurbish and sell straight away and others hold and rent out. What would be the best structure for my business or busine… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
I currently live in the UK and will be retiring this year.
I currently live in the UK and will be retiring this year. I have an investment portfolio that has been based on shares that are low dividend high capital growth so the tax paid to date on dividends i… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am a full-time trader in the forex market working from home.
I am a full-time trader in the forex market working from home. I trade regularly and often. I'm having trouble convincing MHIT that I am carrying out a trade for tax purposes. I'm keen to offset my ex… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My wife and I are employed full time and in addition I have
My wife and I are employed full time and in addition I have been trading FOREX with my capital via a joint broker account with my wife. The profit made on this account this tax year has now nearly rea… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi, I work as a day trader from home trading forex full time
Hi, I work as a day trader from home trading forex full time as my only source of income. How do I structure myself to pay the least possible tax? I am based in the UK.… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Dear Sir/Maam Both my partner and myself live together and
Dear Sir/Ma'am Both my partner and myself live together and both been through the divorced scenario, hence the property we live in is split on the equity front 80/20 (bought 10 years ago), whilst the … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am a student in my second year of university. I am a UK citizen
I am a student in my second year of university. I am a UK citizen only. I have a forex account (based with a US broker) worth £96,000. I do NOT spreadbet. I have no job but I trade throughout the year… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi! I would like to start my business as a forex trader
Hi! I would like to start my business as a forex trader (OTC) online. I am employed at the moment, like to keep this job as well. My boyfriend likes to do the same, but he is unemployed. Need to be se… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
Hi Looking for assistance on Tax Haven in Gibralta Looking
Hi Looking for assistance on Tax Haven in Gibralta ? Looking for avoid paying Capital Gains and someone mentioned that Gibralta good place as zero rate. Also have been told required to own a property … read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
Hi, Could you let me know if there is any tax to pay when
Hi, Could you let me know if there is any tax to pay when earning an income from the Forex market (Forex Spreadbetting)? If not, is this true for unlimited amounts (wishfull thinking I know!).… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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