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Recent content by powerbook
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Financial Spread betting, UK Tax, and HMRC. Advice please!
Yes perhaps. I gave up CFDs years ago, SB all the way now.- powerbook
- Post #23
- Forum: Accounting / Legal
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Financial Spread betting, UK Tax, and HMRC. Advice please!
Lance, that link will be winging it’s way over to Crunch Accounting. On Friday they told me I must declare SB winnings on my SA. Which didn’t sound right to me. I did indeed search the Internet, however it wasn’t conclusive, hence I sought clarity from a forum.- powerbook
- Post #17
- Forum: Accounting / Legal
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Financial Spread betting, UK Tax, and HMRC. Advice please!
Lance, excellent. The link you provided explains the position very well. Thank you.- powerbook
- Post #13
- Forum: Accounting / Legal
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Financial Spread betting, UK Tax, and HMRC. Advice please!
ASB, thanks. Not planning for SB to provide my sole income so hopefully I will be OK. I remember Gordon Brown setting his sights on SB in the late 1990s. Never came to anything though. One reason may be that apparently c.95% of retail traders lose which would amount to a lot of off-setting.- powerbook
- Post #11
- Forum: Accounting / Legal
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Financial Spread betting, UK Tax, and HMRC. Advice please!
Thank you, you really are very clever. So much cleverer than me! Cheers for the answer.- powerbook
- Post #7
- Forum: Accounting / Legal
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Financial Spread betting, UK Tax, and HMRC. Advice please!
Yes of course I know SB does not attract tax, whether it is stamp duty, CGT, etc. In the past I could not have cared less what the legal position was or what HMRC said. I just pocketed the winnings end of. These days I have to complete Self Assessment forms, I have a Ltd company, I have HMRC...- powerbook
- Post #4
- Forum: Accounting / Legal
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Financial Spread betting, UK Tax, and HMRC. Advice please!
Hi Thanks, I would be grateful for some advice please, but first some info. 1. I am employed by my Ltd company doing civil engineering 5 days a week, 8hrs a day. It is my first year as a Contractor and like they all say I wish I had made the leap sooner. Anyway I have no intention of giving up...- powerbook
- Thread
- Replies: 28
- Forum: Accounting / Legal
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Newbie query - buying second property next to place of work (avoid double stamp duty)
Hi New to contracting, my first year, but really enjoying it and wish I made the move 10 years ago <sigh>! I currently rent a room for £500/month close to office where I stay 3-5 nights a week. I will be starting a new contract in 2017 which again is far from my family home which I own with...- powerbook
- Thread
- Replies: 4
- Forum: Accounting / Legal
