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Originally Posted by sheps
I'm getting interested in this shares malarkey.
What is declarable to the Inland Revenue?
Are they advised of your income from your broker, or is it done on a self-disclosure basis?
Can a broker pay any liquid funds outside of UK without attracting attention?
How does one open a balance with a broker? Could you, in theory, pay cash in and have them trade with that and thus legitimise a chunk of cash?
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You declare your income to the tax man yourself. My accountants ask me every year when doing tax returns. You can ask them to trade with legitimate cash, yes, but why not learn the trade yourself and save paying any commission? besides, normal people like us can't exactly do any worse at the moment!