Trading for income and taxes
Mar 04, 2015 at 08:11
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1 Replies
Mar 04, 2015 at 08:11
Hi All,
I was just wondering if anyone is in a position to answer a few questions about making an income from trading.
Like many of you I would like to make an modest income from my forex trading and, although I understand I am nowhere near ready for that yet, I was interested if any of you are already in such a position as I would, ultimately, like to be.
I am a British expat working in Hong Kong and would like to remain as an expat, although I'm not too bothered about where.
If I was in a foreign country and making an income from trading with, say, an Aussie broker, where would I be expected to pay taxes on my income?
This is assuming that I am not working in the country I am living (visa issues aside).
Would it depend on where I hold the bank account that I am funding my trading account with? Does it matter which country my broker is in?
Any thoughts on this would be appreciated.
LG
I was just wondering if anyone is in a position to answer a few questions about making an income from trading.
Like many of you I would like to make an modest income from my forex trading and, although I understand I am nowhere near ready for that yet, I was interested if any of you are already in such a position as I would, ultimately, like to be.
I am a British expat working in Hong Kong and would like to remain as an expat, although I'm not too bothered about where.
If I was in a foreign country and making an income from trading with, say, an Aussie broker, where would I be expected to pay taxes on my income?
This is assuming that I am not working in the country I am living (visa issues aside).
Would it depend on where I hold the bank account that I am funding my trading account with? Does it matter which country my broker is in?
Any thoughts on this would be appreciated.
LG
Mar 10, 2015 at 05:57
I dont think you need to pay taxes for your income from trading.
maybe except if you are us citizen or something.
i dont think they can track it.especially if you transfer it to your bank overseas.at least i never pay any taxes from my trading income.
maybe except if you are us citizen or something.
i dont think they can track it.especially if you transfer it to your bank overseas.at least i never pay any taxes from my trading income.
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