Quote from cabletrader:
I'm claiming the 5th (or the British equivalent)
As ignorance of the law is no defence, and as tax law is a maze, I would recommend you speak to a professional who specializes in this area. There's a lot to take into consideration such as your husbands earnings, your and your husbands domicility, other income......the list goes on and on.
There are several ways to reduce/avoid tax liability (legally!), although some loopholes and tax havens are being closed as we speak, a good accountant will be able to advise you specific to your circumstances better than a layman like me on a trading forum.
On a different note, where are you returning to and from? Assuming you didn't escape to a third world country and you're not returning to Halifax or somewhere, why ever are you coming back, missing the warm beer and cold weather?
We are returning from Houston in the US. My husband is contracted to NASA. And I actually miss the cold weather dreadfully.
We are having trouble getting answers from our accountant about my tax that I will have to pay on my trading. Thats why I came here. I thought you would know what the tax rules were in the UK for a fulltime trader.