Recent content by UAETrader454

Even if the company has debts? the company took out a bounce back loan, this is the only debt it has. I do plan on leaving for good in January, I was under the impression the director can be fined etc for not filing returns. And wouldn't I still be personally liable for the loan I took from the...

No, Of course not lol. Its currently legal to pay back a directors loan using assets, I have NFTS which are assets, so I am wondering If i can squash the debt by transferring ownership of these to the company Yes currently, but i also have Dubai residency and I am planning to live there...

Hello, I am the director of a company in the UK, I took a directors loan out last year and I am now due to pay it back within 30 days, but I don't have it as cash, all my cash is tied up in assets. Am i able to legally sign over some NFTs that are worth the equivalent amount to the company in...

I had a similar situation, I lost my proof of purchase as some bitcoin was purchased with cash from a friend and some via an exchange that does not exist anymore, I withdrew the Fiat via a respectable exchange in one lump sum to my bank account,I declared the cost basis as £0 and paid the full...

Im curious, what do you mean, red flags in regards to what?

Just withdraw and pay your taxes and you'll be fine, technically if you have no proof of purchase you may be liable for capital gains tax on 100% of the funds as you cant prove that you can deduct your purchase cost from the total but whether that will be checked or not I am unsure

Hello, Im looking for some advice on my structure, would it stand up legally by the UK tax authorities. The structure is, UAE residency with an investor visa, LLC company formation and business bank account, I would then an open interactive brokers account using the company name, funds are...

Hi Fred, Im looking for services in Dubai if your able to PM me please

Thank you, that makes sense, I did put down the correct amounts in the sign up process that would match my deposit info so ill deposit it and see what happens. Would I know if it triggered an AML trigger and if it did would they still deposit it for use or would the account be frozen?

Interesting, I thought the USA charges a Tax on dividends from US stocks and they have a double taxation agreement with most EU countries, so should you not have been exempt? Its good to hear nothing too serious happened due to it.

I don't think it would because the account took a legitimate large loss right before April, so my gains are within the CGT allowance for that year.

I wish to transfer some Crypto profits from my UAE account to my IB account, If it is a large amount would transferring it in one go cause any issues with flags or reporting or AML? Would one large deposit be better than smaller deposits over a couple of months? the funds are legal but I know...

Were you a resident of another country at the time? Im thinking the USA would send the info to the UAE as that is where i am a tax resident, Im wondering if they would also send them to my country of citizenship which is the UK. How did you find out that they sent the report to your tax man?

I was going to, but ive decided to cash out my UK account and then transfer the funds to my UAE account so it is not a direct account swap, why? do you think one option is better than the other?

I have left the UK and I am currently a resident of the UAE, I would still like the option to spend some time in the UK each yea to see friends etc but based on my ties I am unsure if I am allowed a maximum of 90 days or 120 days. For 120 days you need 2 ties or less and for 90 days it is 3 ties...