pdf request
Dirk - please send me a copy of the pdf to dlcinvestments@gmail.com - many thanks.
Another option that I am looking into is setting up a UK account and running a spread bet account - one of the "brokers" Spreadbetting, Forex and CFD Trading with Smart Live Markets is allowing trades through an MT4 platform. Proceeds for the profits should be tax free (need to be a UK citizen to be able to set up the account and qualify although some EU countries do allow spread betting but not tax free on the profits) but as yet I have nothing on rules for a limited company placing spread bets.
Another option is to open the account with someone you trust in the UK and then trade as normal - of course the IRS will insist that you volunteer any offshore account details that you are a signature to. The funds would need to stay in the UK, although you can always have a joint bank account with credit cards that are paid from the UK account if you follow the drift.
Possible option is to open up a ROTH IRA and invest in an oversees forex account - this is also tax free on any profits but you must follow the ROTH IRA rules for withdrawls, etc.
There are probably many other ways of skinning this one "legally".
Cheers - David C.
"To live with Passion, it takes Courage and Grace to survive.
Dirk - please send me a copy of the pdf to dlcinvestments@gmail.com - many thanks.
Another option that I am looking into is setting up a UK account and running a spread bet account - one of the "brokers" Spreadbetting, Forex and CFD Trading with Smart Live Markets is allowing trades through an MT4 platform. Proceeds for the profits should be tax free (need to be a UK citizen to be able to set up the account and qualify although some EU countries do allow spread betting but not tax free on the profits) but as yet I have nothing on rules for a limited company placing spread bets.
Another option is to open the account with someone you trust in the UK and then trade as normal - of course the IRS will insist that you volunteer any offshore account details that you are a signature to. The funds would need to stay in the UK, although you can always have a joint bank account with credit cards that are paid from the UK account if you follow the drift.
Possible option is to open up a ROTH IRA and invest in an oversees forex account - this is also tax free on any profits but you must follow the ROTH IRA rules for withdrawls, etc.
There are probably many other ways of skinning this one "legally".
Cheers - David C.
"To live with Passion, it takes Courage and Grace to survive.