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Binary Options Trading and tax

19-04-2012 10:13AM

#1

Dr.Silly

Closed Accounts Posts: 1,759 ✭✭✭

Join Date: January 2010

Posts: 1663

Hi,

Silly question perhaps,
but do you have to pay tax on profits made on the above type of trading ?

Thanks,

0

Comments

#2 19-06-2012 07:57PM

otdrummer

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: February 2009

Posts: 1

this threads a bit old but did you find out anything?
just started using them and was also wondering the same thing
most people say they are considered similar to gambling and therefore aren't taxed...but it'd really help to have some official confirmation

0
#3 20-06-2012 08:17AM

upforit101

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Posts: 244

No tax on binary trading.

0
#4 19-11-2014 09:54PM

Supercell

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Join Date: May 2001

Posts: 14645

Sorry to drag up an old topic, but rather than start a new one with the same question..

I saw this article - http://www.binaryex.com/taxes-on-binary-option-trading-profits/ , which suggests the answer above may be different now, at least in the UK, what about Ireland?

https://www.loughlinstown.ie/

0
#5 19-11-2014 11:17PM

discodavie

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Join Date: October 2010

Posts: 325

are people actually trading on binaries ?

What are ye using ??

0