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Forex trading tax and trading for friend

sve · 2012-08-25 15:55:14

Hi Folks, Hope everyone is doing fine. I have few queries to get the answers for. Hope you guys would be able to help. 1. Can forex trading in Ireland be taxed ? and how much ? 2. My Friend who is in abroad would like me to trade for him. He wants to use my identity here to do forex trading. Would there be any issues for…

25-08-2012 3:55pm

#1
sve

Registered Users, Registered Users 2 Posts: 6 ✭

Join Date: July 2012

Posts: 2
Hi Folks,

Hope everyone is doing fine. I have few queries to get the answers for. Hope you guys would be able to help.

1. Can forex trading in Ireland be taxed ? and how much ?

2. My Friend who is in abroad would like me to trade for him. He wants to use my identity here to do forex trading. Would there be any issues for me in doing so?

3. I have plans to take education/housing loan in near future within 6months time, Is forex trading by my friend in my name would affect any credits for loans to be declined ??

I have zero knowledge on forex trading and its taxes, so would request you guys to help me with the queries.

Thanks in advance,
sve.

Tagged:

loans

tax

forex

0

Comments

#2 25-08-2012 5:09pm

srsly78

Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭

Join Date: October 2010

Posts: 7095

Any money you make from it counts as income. You pay tax on this income just like any other.

0
#3 25-08-2012 5:12pm

sve

Registered Users, Registered Users 2 Posts: 6 ✭

Join Date: July 2012

Posts: 2

Thanks pal.. will also wait for others to ans other queries as well. Thanks again.

0
#4 26-08-2012 11:11pm

Mr. Incognito

Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭

Join Date: March 2007

Posts: 9552

See an accountant or tax advisor.

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This discussion has been closed.