Must I declare my profits from FX trading for tax purposes?
Let’s learn must I declare my profits from FX trading for tax purposes. The most accurate or helpful solution is served by Yahoo! Answers.
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Basically as a hobby I trade FX on iforex platform...If I make profits and I wish to transfer some money into my account must I declare it to the tax office and if so how? One can imagine that if a large sum of money comes into my account the bank will start asking questions anyway.
Answer:
You should declare your profits and losses on your Tax Return. If you trade for yourself alone, you...
Televisi... at Yahoo! Answers Mark as irrelevant Undo
Other solutions
Hi A couple of questions. 1. Can anyone suggest a good OS tax specialist in Australia - teven better would be in Dubai! - the question below will indicate the requirement. 2. I work in Dubai and have done for more than 3 years so I understand my earnings...
Answer:
Try an international wealth management company. There are plenty in Dubai via the major banks. There...
D.A.V.E. at Yahoo! Answers Mark as irrelevant Undo
If I wanted to set up a sole proprietorship company for my day-trading/investing in the stock market/forex... Can I write off all of the stuff I would need (a % of utilities, courses, new computer to trade with, etc) as business expenses and claim the...
Answer:
Whether your day trading/investing as "sole proprietorship vs individual" is the same for...
Yarcofin at Yahoo! Answers Mark as irrelevant Undo
Is betting with online bookmakers like Betfair, Betfred, Ladbrokes, etc legal for a Malaysian citizen (resident in Malaysia)? These are UK-based online bookmakers where one can open an account online, fund one's account and bet online? If it is legal...
Answer:
Hi I have an user in Betfair and I checked. They accept payments from credit cards from Malaysia so...
CheerWho... at Yahoo! Answers Mark as irrelevant Undo
I intend to give up my dead end job at the end of the year and start trading on ebay to earn a living. My boyfriend earns a really good wage and can support us. My question is how much can I earn before I have to declare it for tax purposes? I won't...
Answer:
If you're trading on ebay, you're self employed, so register with HMRC for Class2 NICs within 90 days...
pokerluv... at Yahoo! Answers Mark as irrelevant Undo
With the advent of electronic trading, paper profits are being made by traders who can move markets and ruin companies by their trades. These efforts provide no jobs, add no productivity, and distort the money supply and wealth. These are the causes...
Answer:
Trading does help in making markets more efficient and making the raising of capital easier and it does...
Lloyd Morton at Yahoo! Answers Mark as irrelevant Undo
I work full time for NHS and pay tax and NI through my employer. I have just received a payment from Mills and Boon for £2500. I don't expect to be getting anymore. How do I pay tax and NI on this amount? 5 phone calls to the tax office today and...
Answer:
Hard one - write in - include all the identifiers, name, NINo, date of birth addrerss. Say in your letter...
rosierin... at Yahoo! Answers Mark as irrelevant Undo
hi, i'm a student and i trade derivatives and stocks on the side, and i am having trouble working out what tax band i would pay on the profits from these trades. I know how to pay ...show more
Answer:
I don't think you have to pay tax on trading deritives as it is probably classed as gambling - but if...
HS5FVGURCO2JGJ7KGJZXOFRS5Y at Yahoo! Answers Mark as irrelevant Undo
I moved to Colorado last summer, but somehow my residency was not declared. Therefore, I paid a full year's state income tax to my last state (AZ). Do I just need to file a part-year return in each state or do I need to officially declare a residency...
Answer:
You dont declare residency. For each state you live in during the year you must check their rules for...
Radman at Yahoo! Answers Mark as irrelevant Undo
What are some tax advantages of day trading.
Answer:
You really really need to talk to a professional tax accountant about day trading. Not doing so can...
Obamanat... at Yahoo! Answers Mark as irrelevant Undo
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