In this episode of the STARTrading Podcast, Lewis and Sophie dive into how trading can be tax-free in the UK and what taxation looks like in other countries. Lewis is clear he’s not anti-tax, but anti over-taxation and the mismanagement of public money, and explains that UK traders can legally trade tax-free either through certain ISAs (within annual limits) or, more powerfully, via spread betting accounts where you don’t own the underlying asset, so profits are treated as gambling and not taxed. They highlight that this tax-free treatment applies to personal accounts rather than company accounts, that there’s a grey area if trading becomes your only income, and strongly encourage listeners to speak to a tax advisor about their own situation. They also touch on how different countries tax trading (often via capital gains after a tax-free allowance), how some places offer low or zero tax with the right structures, and why the main focus should always be learning the skill of trading first, with tax efficiency as an added advantage. Throughout, they link trading back to freedom, choice of where and how to live, and the idea that for most people in their community, trading is a powerful, often tax-efficient side income alongside their normal job or business.

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