Outstanding international tax advisor?

Postby 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
Kaveh
 
Posts: 2
Joined: Wed Aug 06, 2008 3:35 pm

Postby Taxbar on Mon Mar 06, 2006 2:56 am

Take specific professional advice.

If you want to trade tax-free you could do this from the UK using spread betting and avoid moving.

You will find it expensive to get the right advice and I specialise in this area.

Daniel Feingold
STP
info@stratax.co.uk
Taxbar
 
Posts: 1234
Joined: Wed Aug 06, 2008 2:19 pm

Postby Kaveh on Mon Mar 06, 2006 10:44 am

Many thanks for the candour.

Unfortunately, I rely quite heavily on my online brokerage firm and am only familiar with the US markets. I'm not sure if UK spread betting firms could offer me the same depth, access, facilities etc..

I'd be grateful if you could give me a rough idea of how much specific advice in this area might cost.

Many thanks,
Kaveh
Kaveh
 
Posts: 2
Joined: Wed Aug 06, 2008 3:35 pm


Return to International

Dorifor Internet Marketing Dorifor Tax Group - our portfolio of tax sites:

UK's largest independent tax portal All the tax books on one site global tax seminars, conferences and other events Global tax jobs portal List of UK recruitment agencies and employers