Foreign Trading Companies Exchange
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. Under s79 tca 1997, exchange gains and losses arising on the above items are brought into the computation of the company’s case i trading income for corporation tax purposes, and hence taxed or allowed at the rate of 12. 5%, as and when they are properly credited or debited to the profit and loss account of the company. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related i...