Hi All,
I am planning to trade US Options from my laptop computer, being based in Ireland. (as a regular trader, not a one off long term trader)
I am trying to get my head around what tax rates I will be subject to.
As far as I can make out, if I trade as an individual, I would be subject to Ireland’s 30% capital gains tax.
However, I am aware there may be the possibility of setting up a limited company and instead being subject to 12.5% corporation tax.
Does anyone know if it’s possible to set up a limited company for purposes of options trading and hence be subject to corporation taxes???
Any help will be greatly appreciated. Thanks in advance for all responses.
(I have little knowledge of tax so please keep it simple).
I am planning to trade US Options from my laptop computer, being based in Ireland. (as a regular trader, not a one off long term trader)
I am trying to get my head around what tax rates I will be subject to.
As far as I can make out, if I trade as an individual, I would be subject to Ireland’s 30% capital gains tax.
However, I am aware there may be the possibility of setting up a limited company and instead being subject to 12.5% corporation tax.
Does anyone know if it’s possible to set up a limited company for purposes of options trading and hence be subject to corporation taxes???
Any help will be greatly appreciated. Thanks in advance for all responses.
(I have little knowledge of tax so please keep it simple).