Hi, thank you for the reply.
I am most interested in the treatment of capital gains (that hopefully arise from trading). Most hedge funds are setup as LLP, why is that? I am still unsure whether I will pay more taxes on these capital gains through a company (LLP or LTD) or when I just declare as private capital gains.
Can you elaborate a bit more please?
Thanks. As I mentioned in the brief, at the moment I am trading my own capital and I don't manage other people's money. Surely for building an audited track record, it would be advisable to start within a company structure, but the performance could also be audited at a later stage (in case of private trading results). I guess it's easiest for me to understand with a simple example. Say I foresee £200k annual trading profit, what would I pay private and what when in a LLP?