Declaring company assets/ tax return

[CupidAlaska]

Yes each closed trade would create a profit or a loss to determine any tax payable.

If the business is day trading CGT may not apply as an individual as well as it is viewed as a trade as opposed to investment, so may explain the decision to go via a company.

Thanks!

As far as I know it's not exempt (only spread-betting), but as rules change constantly I couldn't answer without looking up more information

[AntonioDJCA]

Thanks!

As far as I know it's not exempt (only spread-betting), but as rules change constantly I couldn't answer without looking up more information

Spread-betting is tax free (betting being the keyword here). Regarding your trading being taxed under CGT (which would be better than LTD Co. trading), your individual circumstances and how you trade must be reviewed by an accountant. I hope you had a discussion with one prior to opening your company? It's a good idea to get in touch with a professional so you understand how eventual distribution of profit (hopefully) to yourself will be made.

[CupidAlaska]

Spread-betting is tax free (betting being the keyword here). Regarding your trading being taxed under CGT (which would be better than LTD Co. trading), your individual circumstances and how you trade must be reviewed by an accountant. I hope you had a discussion with one prior to opening your company? It's a good idea to get in touch with a professional so you understand how eventual distribution of profit (hopefully) to yourself will be made.

Thank you Antonio,

I have not found a suitable accountant yet. Do you know any? Or are you an accountant yourself?

[stek]

Do you have anything else to contribute instead of mocking?

I'm helping! I'm trying to snap you out of pissing 10k away.....

100k lol!!

[AntonioDJCA]

Thank you Antonio,

I have not found a suitable accountant yet. Do you know any? Or are you an accountant yourself?

I am indeed, feel free to get in touch via our website & I will respond to you personally.

[pr1]

roulette has better odds

and it's tax free

[CloudWalker]

10k into 100k

[stek]

10k into 100k

Yeah lol!!

Oh to be young and naive like CupidStunt....

[Snarf]

Do you have anything else to contribute instead of mocking?

In most cases the answer to that on these forums will be "No".

Welcome to CUK!

[stek]

In most cases the answer to that on these forums will be "No".

Welcome to CUK!

I feel an infarction on it's way for trolling in the professional forums, I'll just take it on the chin like Bruce Forsyth would...

I was goaded tho!