by Kaveh on Sat Mar 04, 2006 3:47 pm
Hi,
I'm in a quandary and was hoping someone could help.
I'm a junior doctor, becoming rapidly disenchanted with the state of the NHS, and for the past year, I've been moonlighting as a trader, having a great time (and paying through the teeth for it!) trading US equity options via a Chicago-based brokerage.
Under expert tutelage, I've now reached the point where my gains are overtaking my losses, and I'm looking to grow my equity from trading, while continuing to work as a doctor in a part-time/voluntary capacity.
Given that capital appreciation is infinitely faster when tax is not a factor, I'm exploring ways to render my trading gains tax-exempt.
I was born in the Middle-East (as was my father), so I assume I am a non-domicile, although I've been living here for 21 years and haven't visited my native country for 15. However, it's currently getting a lot of negative publicity so I'm not sure if it actually confers an advantage...
I'm keeping an open mind and exploring all the options, so non-residency is certainly something I'd also consider, and I've been casually exploring some European tax havens (e.g. Campione, Gibraltar, Liechtenstein etc.) and working out potentially interesting itinerant lifestyles.
I realise that I'm attempting to navigate the ocean without a compass!
Any or all advice/referrals appreciated.
Many thanks!
Kaveh