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Topic: Double taxation  (Read 645 times)

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Double taxation
« on: January 04, 2006, 05:15:20 PM »
I have a commodity trading account open in the US and I take my profits, pay the taxes on the earnings, and then put it in a US bank.  Will I also be taxed in the UK on these profits.
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Re: Double taxation
« Reply #1 on: January 04, 2006, 09:25:29 PM »
Jimmy - If you are not domiciled within the UK and the proceeds of trades at a profit never come to the UK then there is no UK tax on the profits.
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