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What is Spread Betting? Benefits of spread betting Trading Shares versus Spread Betting Beginner's Guide to Spread Betting Spread Betting Explained: How Does it Work?

Is Forex trading tax-free in the UK? At the time of this writing, spread betting profits are generally not taxable in the UK. Check out our list of UK Forex brokers, many of whom offer Forex, commodity, and stock trading as spread betting. Profits from trading CFDs however, are taxable. Just to add if you are trading rather then spread betting, there is a capital gains allowance of around 10k per year which you should put to good use, assuming you’ve not sold a second property or stocks or anything else which is also taxable. Also, importantly spread betting trades are free from stamp duty which makes spread trading Spread betting, index betting and binary options are not regulated by the UK Gambling Commission but instead fall under the umbrella of the Financial Conduct Authority (FCA). Despite this you do not need to pay the 18% UK Capital Gains Tax or stamp duty on winnings from Spread Betting. Q: Why does the UK do this - isn't the country losing revenue due to no taxes being levied on spread betting gains? A: With the advent of the internet, many bookies set up offshore offices so that they did not have to pay UK taxes, and also the punter did not have to pay a 9% tax upfront on the bets they made, and the government was losing a Spread Betting Tax. Spread betting is different from other forms of bets where the payout is based on the accuracy of the bet placed rather than a win or lose situation. This form of betting is a major growth industry in the UK but carries much larger gains or losses due to higher levels of risk exposed.

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What is Spread Betting?

Trading Shares versus Spread Betting. Connor Campbell Financial Analyst at Spreadex comments on the differences between trading shares and spread betting and the benefits and risks of spread ... is where betting and finance meets, on the trading floor. This is a place where we can inform, and educate little, and hopefully entertain a little too. Spread Betting with City Index is hugely popular as an alternative to standard forms of trading as it offers multiple benefits such as tax-free profits and leverage, that enable you to maximise ... Spread betting is betting so all gains are tax free. The next thing is flexibility; you can trade thousands of markets from one trading account and you can speculate on whether a market will go up ... I live in UK and I see that there are taxes when trading CGT to be Please not that I'm not referring to binary options or spread betting that Jan When employing an investment vehicle like binary ...