Daytrading Stocks and Futures from Ireland.
- Thread starter mick9800
- Start date
Brendan Burgess
Founder
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Don't worry too much about tax.
You will gradually lose all your money.
If, by some fluke, you have a lucky year and make a profit, it will be subject to income tax. But you should have plenty of losses forward to set against the profits. If you are unlucky enough to make the fluke profit in the first year, you will pay tax on it, but won't be able to use the losses in subsequent years.
The brokers charging you fees will pay taxes on the profits they earn from you though.
Brendan
You will gradually lose all your money.
If, by some fluke, you have a lucky year and make a profit, it will be subject to income tax. But you should have plenty of losses forward to set against the profits. If you are unlucky enough to make the fluke profit in the first year, you will pay tax on it, but won't be able to use the losses in subsequent years.
The brokers charging you fees will pay taxes on the profits they earn from you though.
Brendan