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Spread Betting - Trading Without The Tax

Spread Betting is a form of trading stocks, or any other security by placing your trades on a brokers/bookmakers price rather than the actual market. Trading this way means (in the UK) you don't pay any stamp duty or become liable for capital gains tax on your profits (if there are any!).. But lets get down to the nitty gritty, stocks, indices, forex or commodities, ideas to trade or charts to watch... :) All welcome..
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Exchange-Traded Funds (ETFs)

The Exchange-Traded Funds Community and Forum
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Crypto Exchange Traded Funds (cETFs)

The official Crypto Exchange Traded Funds subreddit. Use Reddit to discuss anything and everything cETF-related!
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UK - Dividend and capital gains tax allowances cut. Means you’ll pay tax on all crypto earnings from 2024

submitted by nothing470 to CryptoCurrency [link] [comments]

#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading

#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading submitted by crytoloover to coinmarketbag [link] [comments]

UK - Dividend and capital gains tax allowances cut. Means you’ll pay tax on all crypto earnings from 2024 (x-post from /r/Cryptocurrency)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Forex/Commodities Trading and Taxes

Hello, I have been trading since the start of the pandemic, and I'm now at the point where I get payouts ranging from 400k - 950k php.
I've always been told that forex trading is not yet taxable here; but now that I'm earning a hefty sum every month, I wanted to be sure.
Do note, these profits are not gains from my own money, but rather a prop firm's. Prop firms are trading companies offering equity to traders who have passed their challenges/tests. Once passed they are given an account (usually demo accounts) and whatever profit the trader makes on that account, they are given a percentage.
In my case, I have a 100k usd funded account with a prop firm in which I get paid out biweekly.
Should I be doing something about taxes, may kailangan ba gawin para maiwasan ang kung ano mang complications in the future?
I have no knowledge whatsoever about taxes and whatnot, all I know is how to trade.
Thank you.
edit: Took out the prop firm’s name as someone got triggered and called this post a scam advert. It’s not, I really am just looking for tax advice.
submitted by DeuxDR to phinvest [link] [comments]

Forex Trading Tax Canada | How Are Trading Profits Taxed?

Forex Trading Tax Canada | How Are Trading Profits Taxed? submitted by Canadanewsmediaca to Canadanewsmedia [link] [comments]

Forex trading and UK tax - seeking clarity

Hi all,
So, long story short, I'm in profit from forex trading. A significant amount £15k+. I've only made a few trades essentially copying and friend who trades for a living in HK.
I've essentially found quite contradictory information around forex trading and UK tax. Some saying I have to pay CGT akin to stocks and shares investing (not in tax wrapper). Others, saying, bet spreading is classified as gambling so is not taxable.
Can anyone clarifying?
I use MT4 app to trade forex.
Thanks in advance.
submitted by Nook-n-Cranny to UKPersonalFinance [link] [comments]

Is forex trading tax free in UK

submitted by s0arrz to Daytrading [link] [comments]

Pound Plunges to a Record Low After the UK Vows to Press on With More Tax Cuts - briefly hits $1.0382 - Worst Day Trading Since July 4, 1776

Pound Plunges to a Record Low After the UK Vows to Press on With More Tax Cuts - briefly hits $1.0382 - Worst Day Trading Since July 4, 1776 submitted by marketGOATS to StockMarket [link] [comments]

Forex trading, tax and getting a mortgage in the UK

Hopefully this is ok to post here but I was wondering if there are any people here, particularly from the UK who have had sufficient success for forex to form the large part or all of their income and what were the implications for tax/NI. Finally, were there any issues getting a mortgage? I know if you are a successful sports trader you can provide all the Betfair statements you like showing consistent income but you would get laughed out the bank so I wondered if there same was true with forex.
submitted by sebking1986 to Forex [link] [comments]

Which forex platforms allow you to trade PHP?

Pretty much what the title says – I’ve looked at a number of them, but none will allow me to trade USD:PHP. Even interactive brokers (which has USD:THB) doesn’t have PHP.
Does anyone have any insights on this?
submitted by peterchua99 to phinvest [link] [comments]

UK’s Hunt Says He Has to Raise Taxes to Fix Economy - Forex Factory

UK’s Hunt Says He Has to Raise Taxes to Fix Economy - Forex Factory submitted by TurnipFlashy9031 to digitraderupdates [link] [comments]

You Can Trade Forex, Indices, Commodities, etc. Great Instrument. But How Are CFDs Taxed?

You Can Trade Forex, Indices, Commodities, etc. Great Instrument. But How Are CFDs Taxed? submitted by cfdstraded to FOREXTRADING [link] [comments]

uk tax implications for full time forex traders

Hi all, can anybody help with the title question?
I have been trying to find the answer myself and it appears that as this is classed as spread betting there is no tax payments involved.
I find this hard to believe so can anybody please shed any light on the tax liabilities should I become full time trader and also would forrex differ from us30 for example.
Thank you in advance.
submitted by CodeFlat to UKPersonalFinance [link] [comments]

Manufacturing consent through misdirection and tribal conflicts allow the elite to get away with 9/11, The Patriot Act, silencing Julian Assange, Insider Trading in Congress, Jefferey Epstein's Network, slashing corporate taxes, Covid lockdowns, Panama Papers, Ukraine, and FTX. They Live, We Sleep

Manufacturing consent through misdirection and tribal conflicts allow the elite to get away with 9/11, The Patriot Act, silencing Julian Assange, Insider Trading in Congress, Jefferey Epstein's Network, slashing corporate taxes, Covid lockdowns, Panama Papers, Ukraine, and FTX. They Live, We Sleep submitted by lboog423 to conspiracy [link] [comments]

EURNZD, CHFJPY, CADCHF|All Eyes on UK GDP|How to Trade Forex | Forex Tra...

EURNZD, CHFJPY, CADCHF|All Eyes on UK GDP|How to Trade Forex | Forex Tra... submitted by ForexSimply to u/ForexSimply [link] [comments]

Scanning the markets to day trade while making art, chatting, and playing games when my laptop allows. Come hang out if you are tired of all the crypto channels! We do forex for the most part over here.

Scanning the markets to day trade while making art, chatting, and playing games when my laptop allows. Come hang out if you are tired of all the crypto channels! We do forex for the most part over here. submitted by TheMightyQuinn888 to Twitch_Startup [link] [comments]

If I'm unemployed and I profit more than £12,500 a year (tax-free allowance) trading Forex, will I have to pay income tax on all profits above £12,500?

Also, when do I declare it as income? Does it count as income when my Forex account balance increases, or when I actually withdraw the funds into my bank account?
So lets say that I gain £20,000 this year trading Forex, but this stays in my Forex account (I don't withdraw any money into my bank account). Will I have to declare it as income and pay taxes on it? Or is that only if I withdraw the profits into my bank account?
(by the way, I am spread betting, therefore there is no stamp duty or capital gains tax).
submitted by RapidActionBattalion to UKPersonalFinance [link] [comments]

FLOKI is now live and tradable on BlueBit! BlueBit is a popular multi-asset exchange that allows users to trade crypto, forex, commodities, and more.

FLOKI is now live and tradable on BlueBit! BlueBit is a popular multi-asset exchange that allows users to trade crypto, forex, commodities, and more. submitted by NotAWhaleQQ to Floki [link] [comments]

Fellow traders. Need a suggestion on a reliable forex platform to trade which allows trading from minimum 1 $.

submitted by Happy-Passage-5241 to Forex [link] [comments]

What is % of tax rate in day trading stocks/forex in phillipines?

any anwers?
submitted by Youtube_ZxstyGM to phinvest [link] [comments]

Beware of these forex/crypto trading platforms that people have recently complained about not allowing their clients to withdraw their funds! They are basically anonymous, unregulated trading platforms. Avoid them!

Beware of these forex/crypto trading platforms that people have recently complained about not allowing their clients to withdraw their funds! They are basically anonymous, unregulated trading platforms. Avoid them! submitted by FxGecko to CryptoScamBlacklist [link] [comments]

US & UK Promo Codes - Forex Trading QuickStart Guide

US & UK Promo Codes - Forex Trading QuickStart Guide
We are the publisher of this audiobook.
We have US and UK Audible promo codes for our newest release, Forex Trading QuickStart Guide. If you're interested in a code, please let me know. Thanks!
Audible Link and Sample: https://www.audible.com/pd/B0BJ54NRHW
About Forex Trading QuickStart Guide:
In Forex Trading QuickStart Guide, author and veteran trader Troy Noonan draws on his decades-long career spent in the trenches of the foreign currency markets to outline the exact path that new forex traders should take.
The book presents insights distilled from thousands of trades on the global forex markets, including guidance on technical and fundamental analysis, interpreting charts, and mastering the psychology of successful forex traders.
Wild trading successes, the lessons learned from painful failures, and the resulting forex trading fundamentals that Troy has imparted to thousands of trading students are on full display in this book.
About the Author Troy Noonan:
Troy Noonan is an author, full-time professional day trader, trade system developer, and trading coach with decades of experience in the study of markets and their behavior. The original Backpack Trader, Noonan cut his teeth executing trades in internet cafes while backpacking through Europe and traveling in South America in the late nineties. Using the freedom that trading provides, he continues to travel the globe and execute trades from the road.
As a teacher and mentor, Noonan has helped thousands of students in more than one hundred countries take the plunge and find day trading success on their own terms. He has single-handedly developed and refined numerous effective trading strategies, including the wildly popular Counter-Punch Trader and Spotlight Master Suite methods, to name a couple of his most recent.
His signature strategies are simple, accessible, and highly effective for new and veteran traders alike. The durable and robust nature of Noonan's creations has been tested and proven time and time again--they are just as effective today as the day they were released.

https://preview.redd.it/j7agzfq72sv91.jpg?width=500&format=pjpg&auto=webp&s=abfd7aa38ab22f39a394a3d5a21138a77628cf09
submitted by clydebank_media to audible [link] [comments]

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