Taxes on systematic trading

techengineer

Hey,

I am a software engineer and I have built a trading bot that sells / buys crypto products quite rapidly and frequently.
I recently learned this might be considered "trading" and earnings might be taxed at income rate instead of CGT rate.
This is on track to produce > 200K GBP a year.
I currently have no other employees, only a cloud compute bill.

Is there a recommended structure that is tax efficient? Just a UK company?
Is there a benefit to incorporate off-shore? I'm considering taking a year long relocation to a tax friendlier location, but will return to the UK afterwards.

Thank you

Dazed_and_C0nfused

techengineer said:

Hey,

I am a software engineer and I have built a trading bot that sells / buys crypto products quite rapidly and frequently.
I recently learned this might be considered "trading" and earnings might be taxed at income rate instead of CGT rate.
This is on track to produce > 200K GBP a year.
I currently have no other employees, only a cloud compute bill.

Is there a recommended structure that is tax efficient? Just a UK company?
Is there a benefit to incorporate off-shore? I'm considering taking a year long relocation to a tax friendlier location, but will return to the UK afterwards.

Thank you

If this is genuine then I think you're in the wrong place.

With turnover (if that's what it actually is) in excess of £200k paid for professional advice is the right place to be.

Bookworm105

techengineer said:

 I'm considering taking a year long relocation to a tax friendlier location, but will return to the UK afterwards.

Thank you

then that will achieve nothing to remove your UK liability 
as above pay for comprehensive advice based on telling the person your full circumstances, not a few snippets on a forum post