Making money from parked domains in the uk?

andy91 · 08-08-2007, 12:50:29 AM

Ok total newbi here

I have afew domains that I was thinking about adding to some sort of cash parking scheme, I mean might as well. But the domains are registered with godaddy.com and i noticed that with their cash parking you have to pay US tax on any income you make. But i got to thinking surly if you made a decent income from these domains the tax man in the uk would also be after you and you would end up paying double tax on anything you made?

Also are there any good uk based domain parking schemes that give you a good deal?

andy91 · 08-08-2007, 09:28:23 PM

NO body got a clue then eh?

Johnp · 08-08-2007, 09:37:12 PM

If tax avoidance is your way, then suggest you register with Namedrive and tell them you live in Albania - they will accept any valid paypal address as your payment method.

Should hope the IRS don't catch up with you - LOL !

JohnP

aZooZa · 09-08-2007, 08:08:45 PM

Quote:

Originally Posted by andy91

Ok total newbi here

I have afew domains that I was thinking about adding to some sort of cash parking scheme, I mean might as well. But the domains are registered with godaddy.com and i noticed that with their cash parking you have to pay US tax on any income you make. But i got to thinking surly if you made a decent income from these domains the tax man in the uk would also be after you and you would end up paying double tax on anything you made?

Also are there any good uk based domain parking schemes that give you a good deal?

Andy, nobody pays US AND UK tax for the same thing. The way it works is that you can certify yourself as a non-US taxpayer -- I forget the name of the form -- but yes, Mr. Tax here will want you to account to him. Get yourself a US bank account and keep the dollars you earn in that. A dollar's worth too little here. Then go on a spending trip to NYC

08-08-2007, 12:50:29 AM	#1 (permalink)
andy91 Junior Member Join Date: Aug 2007 Posts: 2 No Classified Ratings Domain Trader Rating: (0% / 0)	Making money from parked domains in the uk? Ok total newbi here I have afew domains that I was thinking about adding to some sort of cash parking scheme, I mean might as well. But the domains are registered with godaddy.com and i noticed that with their cash parking you have to pay US tax on any income you make. But i got to thinking surly if you made a decent income from these domains the tax man in the uk would also be after you and you would end up paying double tax on anything you made? Also are there any good uk based domain parking schemes that give you a good deal?

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08-08-2007, 09:28:23 PM	#2 (permalink)
andy91 Junior Member Join Date: Aug 2007 Posts: 2 No Classified Ratings Domain Trader Rating: (0% / 0)	NO body got a clue then eh?

08-08-2007, 09:37:12 PM	#3 (permalink)
Johnp Join Date: Jul 2006 Posts: 375 No Classified Ratings Domain Trader Rating: (100% / 10)	If tax avoidance is your way, then suggest you register with Namedrive and tell them you live in Albania - they will accept any valid paypal address as your payment method. Should hope the IRS don't catch up with you - LOL ! JohnP