Mirror vs Self

Hello all. I'm a newbie here and would like to ask some advice please.

I'm UK based and have been using an EA service which you can either run on MT4 or directly with the provider with a mirror trading account.
I have 2 accounts running since end Nov 2011.
1) my own UK MT4 account which is up 15.47%
2) a US based mirror trader account which is up 25.8%

Am I right in thinking
1) that the personal MT4 account is spreadbetting and that I pay no tax on it (as I have income from another source and so it is not my primary source of income)
2) that the mirror account attracts CGT on gains as it is traded by someone else?

Any advice gratefully received. Thank you!

Is anyone able to offer me any advice on this, or could you let me know a good place to go to find out?

motleytrader said:

Is anyone able to offer me any advice on this, or could you let me know a good place to go to find out?

Click to expand...

Hi,
I found a link related to spread betting.. maybe it helps you a little in your 1st question
Spread betting tax avoidance strategies

motleytrader said:

Hello all. I'm a newbie here and would like to ask some advice please.

I'm UK based and have been using an EA service which you can either run on MT4 or directly with the provider with a mirror trading account.
I have 2 accounts running since end Nov 2011.
1) my own UK MT4 account which is up 15.47%
2) a US based mirror trader account which is up 25.8%

Am I right in thinking
1) that the personal MT4 account is spreadbetting and that I pay no tax on it (as I have income from another source and so it is not my primary source of income)
2) that the mirror account attracts CGT on gains as it is traded by someone else?

Any advice gratefully received. Thank you!

Click to expand...

gone fishing.........by a lazy lazy pool......:whistling