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Can I do Forex or Stock Market trading on Tier 2 (ICT)

Only for the UK Skilled Worker visas, formerly known as Tier 2 visa route

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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srwalke
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Location: London

Can I do Forex or Stock Market trading on Tier 2 (ICT)

Post by srwalke » Thu Oct 18, 2012 3:53 pm

Hello,

I am currently on Tier 2 (Intra Company Transfer) visa under extension.
Is it allowed to do Forex trading or Stock Market Trading under my visa? Please advice!

Thanks

geriatrix
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Post by geriatrix » Thu Oct 18, 2012 9:22 pm

For self, sure. But not as a "business of trading" that you do for others.
Life isn't fair, but you can be!

srwalke
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Posts: 11
Joined: Thu Oct 18, 2012 3:47 pm
Location: London

Thanks!

Post by srwalke » Fri Oct 19, 2012 12:00 am

sushdmehta wrote:For self, sure. But not as a "business of trading" that you do for others.


Thanks very much for your reply sushdmehta. I understand what you mean. For self, it would be treated as investment, so should't be problem. Is there any clear notes about this in UKBA guidance? I looked on the web but couldn't find any.

geriatrix
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Post by geriatrix » Fri Oct 19, 2012 2:15 am

Clear notes about what - investment or trading as a business?
Life isn't fair, but you can be!

srwalke
Newly Registered
Posts: 11
Joined: Thu Oct 18, 2012 3:47 pm
Location: London

investment (forex currency trading for self)

Post by srwalke » Fri Oct 19, 2012 8:46 am

sushdmehta wrote:Clear notes about what - investment or trading as a business?
@ investment (Forex currency trading for self). I am only worried as, if someone gets good returns in trading then it will have to show up in Tax returns.
Also, in Forex or commodity trading buying and selling involved so they shouldn't treat it as a business later.

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