Reply "If you are using the account for the purposes of trading then I would be inclined to think that it was not held for a private purpose & hence the exemption would not apply here in this instance."
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Reply "What documentation have you provided your accountant? All trades during the year? Summary position at year end? "
Online Trading & FX for Business | OANDA
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Similarly, anyone who has the time to wait for UK election polling to begin to influence Sterling 8767 s value as we get within throwing distance of polling day, should contact me to discuss a strategy on how to approach the vote to secure any targetted peaks and ensure you are better protected from any downside risk.
Thursday, May 68, 7567 WannaCry Ransomware Virus Is a Globalist False Flag Attack On Bitcoin / Currencies / Bitcoin By: Jeff_Berwick
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Reply "Hi Mr Taxman- this one is a little complicated. I am an Aussie citizen resident in the UAE and have a forex trading account operating in South Africa and financed from the UAE. If I repatriate funds to the UAE are they considered tax free earnings when I return them to Australia? If not could this be minimised by incorporating a trust?.. jumbled I know. Many thanks"
Reply "Hi mrtaxman, Which figure do I record in my tax return? The balance after losses taken out of profit or only the profit position. "
Reply "Sorry I don t know the intracies of the e-tax software program but you generally simply show the loss in item 65 of your return & also complete a business loss activtites detail schedule (P9) & then it will automatically offset against employment income."
Reply " Hi Mr taxman, I am just wondering that i had a loss in forex trading from previous years and can i claim that amount in my recent tax return and loss is around $ 5555 USD. Thank you "