DislikedHi Jacko, even though your comments are totally off topic for the thread your misinterpretation of 'subsistence income' is actually quite funny, maybe this will help as it's something I had an accountant look into a while ago.
Tax laws in the UK can be extremely complex but what you're referring to is 'subsistence income' in the context of taxable income and tax liability. Here are a couple of relevant excerpts from a website article discussing the tax efficiency of spread betting, they're pretty much self-explanatory but feel free to ask if there's...Ignored
cabletrader (another one of your alter egos??) stated that he was NOT using spreadbetting (which is tax free in the UK).. He was totally clueless regarding the tax rules for forex trading in the UK in his responses.....
It was pathetic and embarrassing for anyone who read it. He had the moderators delete the thread...but one of my group had copied the whole thread and saved it.
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