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Anonymous

Posted on: 11/03/2010
Posted at: 22:44:47
I live in uk I am starting to trade the forex market can I have the profit paid directly to an offshore acount without incuring uk tax. thanks
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Anonymous

Posted on: 12/03/2010
Posted at: 18:31:33
Forex accounts, the money has to be wired back to the originating bank for the account. Which means funds from bank A money has to return to back A when you take profit, not another bank. If you have to report all offshore bank accounts to your country then you will be taxed. Using an IBC for the Forex account may give you the separation but will open additional paper work.

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A Hilton

Posted on: 14/03/2010
Posted at: 11:19:34
If you are resident in the UK, you are going to be taxed on your worldwide income. Its of no regards where the money is paid, you should declare your profits in your tax return. There are options in Malta to archive a legal and low taxation within the EU. Please drop me an email with a bit additional information like estimated profits etc. Thanks. info (at) eu-hub.com Eu-Hub Malta Limited - The new Concept of Corporate Service
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