Comments on: Illuminati-Trader Customer Testimonial http://illuminatitraderreview.com/2008/02/28/illuminati-trader-customer-testimonial/ Minimum Risk Option Trading? Thu, 10 Jun 2010 13:52:55 +0100 hourly 1 By: Oscar http://illuminatitraderreview.com/2008/02/28/illuminati-trader-customer-testimonial/#comment-65 Oscar Mon, 10 Mar 2008 19:06:33 +0000 http://www.illuminatitraderreview.com/blog/illuminati-trader-customer-testimonial/29#comment-65 Clare, Unfortunately not. In the UK spread betting is regarded as gambling as opposed to trading and therefore is not subject to tax. This is not the case in the USA where all income is taxable. This is why option trading is so much bigger in the US because traders see the leverage available from options as highly desirable in the absence of anything better. The thought occurs to me that your priority should be to focus on finding a method of trading for a profit and then worry about paying the tax afterwards. After all, the amount of tax you have to pay is an indication of the level of your success! Spread betting is a way of participating in the market just like buying and selling shares. But you still need a method to identify your trades -which is what Illuminati-Trader provides. Clare,
Unfortunately not. In the UK spread betting is regarded as gambling as opposed to trading and therefore is not subject to tax.

This is not the case in the USA where all income is taxable. This is why option trading is so much bigger in the US because traders see the leverage available from options as highly desirable in the absence of anything better.

The thought occurs to me that your priority should be to focus on finding a method of trading for a profit and then worry about paying the tax afterwards. After all, the amount of tax you have to pay is an indication of the level of your success!

Spread betting is a way of participating in the market just like buying and selling shares. But you still need a method to identify your trades -which is what Illuminati-Trader provides.

]]> By: Clare http://illuminatitraderreview.com/2008/02/28/illuminati-trader-customer-testimonial/#comment-64 Clare Mon, 10 Mar 2008 18:41:52 +0000 http://www.illuminatitraderreview.com/blog/illuminati-trader-customer-testimonial/29#comment-64 Hi, I have been looking into a few trading systems and I keep coming back to the illuminati system and also spread betting. In the U.K profits from spread betting are tax free. Is this the same for profits made from the illuminati trading? Thanks, Clare Hi, I have been looking into a few trading systems and I keep coming back to the illuminati system and also spread betting. In the U.K profits from spread betting are tax free. Is this the same for profits made from
the illuminati trading?

Thanks, Clare

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