Hi all,
I am considering incorporating a ltd and start to trade options. I have prior experience btw. The question is, since this will be a close company, will there be a surcharge? Since the main trade is about money, the excess capital should not be considered for surcharge me thinks. Also, will the revenue consider what I do a trade? If they don’t there will be a surcharge for sure but then I would not incorporate and trade in my own name so that I would use remittance basis(as I am not domiciled) Any way to know where the revenue stands on the subject?
I am considering incorporating a ltd and start to trade options. I have prior experience btw. The question is, since this will be a close company, will there be a surcharge? Since the main trade is about money, the excess capital should not be considered for surcharge me thinks. Also, will the revenue consider what I do a trade? If they don’t there will be a surcharge for sure but then I would not incorporate and trade in my own name so that I would use remittance basis(as I am not domiciled) Any way to know where the revenue stands on the subject?