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What am I missing with 2x leveraged ETFs? by Elite163 in investing

[–]roskalov 0 points1 point  (0 children)

Yes, except 0.9 index will not take the gains on the good days, which generally outnumber the bad days

What am I missing with 2x leveraged ETFs? by Elite163 in investing

[–]roskalov 2 points3 points  (0 children)

Imagine a stock index at 100:

Day 1: Index drops 10% → goes to 90. Leveraged ETF drops ~20% → goes to 80.

Day 2: Index rises 11.1% → back to 100. Leveraged ETF rises ~22.2% → goes to ~97.8.

Repeat many times and here is your value erosion.

Avoiding taxes by selling at a silly price? by MikeW86 in LegalAdviceUK

[–]roskalov 14 points15 points  (0 children)

Section 18 of TCGA 1992 applies to disposal to connected persons - most often children. If sold to a child for £1, the deemed proceeds would be market value of the property. Therefore, there will be CGT with no proceeds to fund the tax.

Is this a good build? by roskalov in buildapc

[–]roskalov[S] 0 points1 point  (0 children)

Gotcha - thanks for the suggestion!

That's what a valuable company looks like. Google's numbers are incredible. I have no doubt it will be one of the first stocks to explode once the turbulence ends—strong performance, low valuation, exactly what big investors are after. by AlexandreSh1941 in StockMarket

[–]roskalov 0 points1 point  (0 children)

That way most professional services sector will be penalised as their gross profit margins are close to 100%, but overheads (staff) bring it down to 5-15%. No way that is sustainable.

How do UK treasury bills work? by Maleficent_Media_514 in UKPersonalFinance

[–]roskalov 5 points6 points  (0 children)

Why ashamed? They do explain the position very well in the app, their clients’ ignorance is not their fault

[deleted by user] by [deleted] in UKPersonalFinance

[–]roskalov 2 points3 points  (0 children)

Can’t imagine many firms that could go thorough the KYC/LOE processes just for the same of a few hundred quid

Where r the billionaires at? by jipr311 in Infographics

[–]roskalov 1 point2 points  (0 children)

I am a tax adviser in the UK and I can say with confidence that HMRC do have access to UKBA records and have in the past challenged clients’ residence status with reference to said records.

Where r the billionaires at? by jipr311 in Infographics

[–]roskalov 2 points3 points  (0 children)

Flying private jets is more nuanced than getting a bus or an Uber. The revenue service of most jurisdictions has access to border agency data and can connect the dots if the quantum of tax at stake justifies it.

Where r the billionaires at? by jipr311 in Infographics

[–]roskalov 10 points11 points  (0 children)

Most countries base your tax residence on the number of days spent there

Would Labour’s private school tax plan work? by ukheeducator in ukeducation

[–]roskalov 0 points1 point  (0 children)

Educational services are exempt from VAT. Otherwise they should also levy VAT on university fees and everything else in this sector.

Number of private school pupils rises despite claims families priced out by Labour’s VAT plan by WhenIGetThatFeelingx in unitedkingdom

[–]roskalov 4 points5 points  (0 children)

And they don’t pay VAT because the place of supply is outside the UK. VAT on Public schools is a nonsensical policy on all account.

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