Stock Trading and Other Things

UNITED KINGDOM: INDIVIDUAL NON-RESIDENT TAXATION?

If i am a Canadian citizen living in Canada, i establish a day-trading firm in the UK and a bank account to go along with this firm in the UK, and i remotely trade from Canada on the American exchanges, will all my profits be non-taxable income?

Public Comments

1. It sounds as if you've opened yourself up for taxation on all 3 countries. You're living in Canada, so Canada gets their cut. By creating a UK legal entity, it becomes taxable in the UK. And by trading in the American exchanges, you're open to US taxation as well. I hope you have experienced in tax advisers in all 3 countries -- you're going to need them.