We’ve discussed at length the reasons to get into Forex trading, but the main one that peaks peoples interest is finding out that it’s tax-free. Now we’re going to tell you why you don’t need to pay the tax man when it comes to making money on the Forex market.
Why Forex trading is tax-free
The quote that comes to mind here is “There are only two constants in life – Death and taxes.” There have been many derivatives of that quote over time, but how is it that Forex trading is tax-free in the UK? What makes it exempt from the only other constant in life?
Forex trading is spread betting
Under UK tax law, Forex trading is counted as spread betting. Spread betting (in Forex terms) is when a trader takes a position on whether they think the market will rise or fall. Because the Forex market is such a volatile place, the tax man saw it fit to leave it as a tax-free industry.
Making spread betting safe
Whenever you see the word ‘betting’ in something, it’s usually safe to assume that it won’t make a good investment. You shouldn’t invest in the likes of Lotto, and without the correct strategies and risk-management systems, Forex trading can be dangerous. Many people have lost big because they didn’t protect themselves. But Learn to Trade can show you how to protect more than 98 per cent of your fund.
The beauty of modern technology
Learn to Trade have adopted an innovative piece of software called SmartCharts. This software not only finds the safest trades for you to place but it also automatically adds a stop loss, meaning you can ensure that 98 per cent or more of your trade is protected. This makes the ‘spread bet’ now a safe tool.
Learn to Trade
If you want to find out more about how Forex trading can support you with a second tax-free income, provide you with safety and security, and give you the financial freedom that you’ve dreamed of, then come along to one of our free Forex workshops. They’re being held across the country now.