Hmrc Contract For Difference

Hmrc contract for difference

I use a managed forex trading account and pay 30% of gains

hi, I use a managed forex trading account and pay 30% of gains to them for my system effectively copying there master, i place no trades personally.

What Are CFDs?

the broker is offshore and supplies Forex CFD's, am… read more

taxadvisor.uk

Accountant and Tax Practitioner

Chartered Certified Accountant - FCCA

2,110 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.

Hmrc contract for difference

I simply open account with them and they trade in forex market, futures contracts, crypto-currencies, etc. I'm … read more

Sam

Accountant

Higher Officer HMRC

6,638 satisfied customers

Some Questions: a) how are dividends received on CFD's

Hi Tony - Some Questions: a) how are dividends received on CFD's long positions taxed.

Hmrc contract for difference

b) conversely how are dividends paid on CFD's short positions taxed. c) Commissions paid and funding interest - i… read more

bigduckontax

Accountant

FCCA FCMA CGMA ACG

1,168 satisfied customers

I would like to know what tax liabilities could arise on the

Hello.

Hmrc contract for difference

I would like to know what tax liabilities could arise on the profits made from trading CFDs in the UK. I know there is a tax free amount and CGT is paid on what is above that. My question is wh… read more

Sam

Accountant

Higher Officer HMRC

6,638 satisfied customers

Soon I will be opening a forex trading account with the

Hello, Soon I will be opening a forex trading account with the intention of leaving my full time job (if all goes well) and do day trading full time.

What do I need to do in order to pay any taxes whi… read more

bigduckontax

Accountant

FCCA FCMA CGMA ACG

1,168 satisfied customers

Hi, my client has a Limited Company (incorporated in 1996)

Hi, my client has a Limited Company (incorporated in 1996) which owns 3 residential properties that it lets out.

The directors / shareholders do all the work on the properties renovating, letting out … read more

bigduckontax

Accountant

FCCA FCMA CGMA ACG

1,168 satisfied customers

I intend to regularly trade FX CFDs (via MetaTrader 4), and

I intend to regularly trade FX CFDs (via MetaTrader 4), and read here (http://moneyterms.co.uk/cfd/cfd-tax/) that: "it is possible that sufficiently regular trading, especially if it is one's main sou… read more

Tony Tax

Tax Consultant

High School or GED

16,702 satisfied customers

Hi, I have been day trading for around 6 months.

CTA09/S582

This was approx

Hi, I have been day trading for around 6 months. This was approx 30 hours per week. The plan was to supplement my self employed income as an online retailer. I assumed I would have to pay tax on any g… read more

bigduckontax

Accountant

FCCA FCMA CGMA ACG

1,168 satisfied customers

I receive 100% of my annual income from spreadbetting with

I receive 100% of my annual income from spreadbetting with FXCM UK Ltd.

Most read this week

I trade curreencies and CFDs (contracts for difference) in gold and silver Is spreadbetting classified by HMRC as gambling? Are … read more

TaxVince

Senior Accountant

Master's Degree

897 satisfied customers

I have paid margin interest on USA Stocks I hold ina margin

I have paid margin interest on USA Stocks I hold ina margin account.

Is the interest allowable deduction against capital gains?

Hmrc contract for difference

I have also Recived Dividends on these stocks. I am a Higher rate UK Tax… read more

Tony Tax

Tax Consultant

High School or GED

16,702 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).

Hmrc contract for difference

If he makes £70k this tax year, for e… read more

Tony Tax

Tax Consultant

High School or GED

16,702 satisfied customers

I have traded shares, CFDs and spread betting.

I have made

I have traded shares, CFD's and spread betting.

Cuna mutual 401k investment options

I have made a big profit on the shares but losses on spread betting/ cfd's. I made a loss for the previous tax year and I know I can use this to offset … read more

Tony Tax

Tax Consultant

High School or GED

16,702 satisfied customers

Dear SamTax, I sold a flat (in the UK) last July for about

Dear XXXXXTax, I sold a flat (in the UK) last July for about £220,000.

About FreeTrain

I have owned up to four properties in the UK in recent years but I think I have never declared to the I.R. which are my Principal… read more

Sam

Accountant

Higher Officer HMRC

6,638 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.

Related resources

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

Tax Consultant

High School or GED

16,702 satisfied customers

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