18/02/ · Generally, you have the option of either choosing a general partnership, limited liability company which is commonly called an LLC, or a sole proprietorship for a business such as a forex trading company. Ordinarily, general partnership should have been the ideal business structure for a small scale forex trading business especially if you are just starting out with a moderate start-up blogger.comted Reading Time: 12 mins 08/09/ · Yes Forex trading (as its name suggests) is a trading activity. I don't think there needs to be anything specific in the Articles. It is difficult to imagine how your company could not have a number of assets and liabilities at any given point in time. Presumably you will be asking an accountant to prepare the year end accounts for you 25/09/ · A company that only does frequent short term FX trading is likely to be a trading company not an investment company (so pay lower rate corp tax on first K of FX trading profits). If the company mixes IT Contracting with FX trading then the FX profits are more likely to
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You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy. FREE webinar: What does a post IR35 reform CV look like? Forex trading through my LTD. Reply to Thread. Posts Latest Activity. All Time Today Last Week Last Month. All Discussions only Photos only Videos only Links only Polls only Events only. Filtered by:. Jog On.
Dirty spekulant. Jog On - scorchio! Join Date: Aug Location: Troll farm somewhere in Russia Posts: Thanks Given : 29 Thanks Received : Likes Given : 82 Likes Received : Forex trading through my LTD 29 January Any advantages to doing this through the LTD as forex trading through limited company to as an individual?
What are the liabilities - CGT, corp tax both? Just a basic overview would be nice Did I mention I'm looking for a new accountant as forex trading through limited company Tags: None. My post count is Majestic. northernladuk has reached the peak.
Play again? Join Date: Mar Posts: Thanks Given : Thanks Received : 2, Likes Given : 3, Likes Received : 11, Originally posted by Jog On View Post. Reply With Quote. Comment Post Cancel.
Originally posted by northernladuk View Post. Tut tut. You are a long time poster, you should know better. Both these topics have been done to death plenty of times. The search button should come back with enough threads to keep you happy for hours. If you want to invest I believe if you have to watch the limits.
If you do over a certain rate depending on your income you will have to recatagorise your company as an investment company not an IT forex trading through limited company one for a start so FRS will change etc.
its in all the other threads Still gathering requirements adestor has no reputation. Join Date: Aug Location: Landan Posts: 57 Thanks Given : 0 Thanks Received : 0 Likes Given : 0 Likes Received : 0. I was talking about currency trading to a colleague the other day as an individual. He said that any money you make is tax free as it's looked upon as a form of gambling.
Don't know how true a statement this is though, but might be worth looking into. Originally posted by adestor View Post. Contractor Among Contractors. Maslins is NOT a disguised employee. Join Date: Sep Location: Tunbridge Wells Posts: Thanks Given : Thanks Forex trading through limited company : Likes Given : Likes Received : Yeah this is forex trading through limited company kind of thing I'm looking for clarification on. I think that's the case for spread betting and futures - not sure about FX though.
jetrimby has no reputation. Join Date: Jan Location: Near Bradford on Avon in Wiltshire Posts: 25 Thanks Given : 0 Thanks Received : 0 Likes Given : 0 Likes Received : 0. HI If done via spread betting then this is gambling as far as revenue is concerned Futures contracts are not gambling so are potentialy taxable. There are some odd rules here that, with exchange rates moving so much recently, have some very nasty effects someone with overseas property maybe paying gains tax despite having made no cash profit losses on foreign morgtages can't be offset I'd try a search in "moneysavingexpert" forums and I am sure you will find so threads covering this to some extent.
Sorry dont' know exact answer off top of head! Iron Condor. More time posting than coding, forex trading through limited company. Iron Condor has no reputation.
Join Date: Sep Posts: Thanks Given : 0 Thanks Received : 0 Likes Given : 0 Likes Received : 0. The company will only pay Corp Tax not CGT.
A company that only does frequent short term FX trading is likely to be a trading company not an investment company so pay lower rate corp tax on first K of FX trading profits.
If the company mixes IT Contracting with FX trading then the FX profits are more likely to considered an investment. Spread betting in your own name is tax free unless you do weird things like run your own spread bet book with members of the public and use another spread bet firm to offset risk.
In a personal brokerage account FX speculation will be most likey subject to CGT even if you do it short term. When short term trading in your own name and wanting to claim CGT, it is important to think of it and refer to it as 'speculation' and not as 'trading' if speculation is in fact what you are actually doing. htm How much tax you pay end up being subject to is a lot like IR35, "if agreement cannot be reached, an issue for the Commissioners to decide.
Last edited by Iron Condor ; 1 February Bright Spark. Fingers like lightning. Bright Spark has no reputation. Join Date: Feb Posts: Thanks Given : 0 Thanks Received : 0 Likes Given : 0 Likes Received : 0. last year I opened a spread bet account which is similar to fxcm forex account, main thing is you avoid all uk taxes. Nervous Newbie. fxjmcalster has no reputation. Join Date: Aug Posts: 1 Thanks Given : 0 Thanks Received : 0 Likes Given : 0 Likes Received : 0, forex trading through limited company.
My suggestion is to look for a broker which does not disclose tax data. Register as an individual and start trading. When you apply for a corporate account, you must provide all the documents for the registered owners, board of directors, registration documents etc.
along with a power of attorney for the representative. In my opinion is too much of a hassle. William Smith FX Forex trading through limited company Clearing Ltd Forex Trading Blog Forex Forex Trading Software Managed Forex Accounts.
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18/02/ · Generally, you have the option of either choosing a general partnership, limited liability company which is commonly called an LLC, or a sole proprietorship for a business such as a forex trading company. Ordinarily, general partnership should have been the ideal business structure for a small scale forex trading business especially if you are just starting out with a moderate start-up blogger.comted Reading Time: 12 mins 25/09/ · A company that only does frequent short term FX trading is likely to be a trading company not an investment company (so pay lower rate corp tax on first K of FX trading profits). If the company mixes IT Contracting with FX trading then the FX profits are more likely to 31/05/ · in that case, there’s no need to set up a limited company because if u are going to do forex trading full time and it is your only source of income, it will be tax free? Unfortunately, no. If profiting from spreadbetting represents your [B]primary source of income[/B] then it will be subject to tax & other deductions in the normal blogger.comted Reading Time: 6 mins
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