Recent content by cc1

"Mate, CS/IG/CMC/WS/FINS - they are all spread betting companies and they don't hedge your business! They rely on 2 way business and people that eventually churn themselves to death or novices. Do you really think a pro would trade with a SB firm? My point being whats the difference between CS...

What's happenned to your spreads on the rolling stocks CS? They used to be good - now they are the same as Fins and alot worse than CMC. Is 0.1% each side here to stay ?

Come on Sun123. That's a bit out of order - not one of those firms you mention can you actually trade all the time at screen price. The only frustration with cs is when I go for a price and say there is only 5 shares at the screen price so they kill the order when in fact I would be quite...

Roberto, lol - yes I wasn't going to quite spell it out as you have. What concerns me is that I know one other spreadbet company which hedges and acts in same way as a broker as well as capital and I know another cfd provider may offer similar in the next few months in order to generate more...

Hypothetical observation. Spreabet companies are taxed on net client losses. What happens if a spreadbet company comes along and acts more like a broker and hedges the trades and doesn't have net client losses but net client wins? I guess the goverment changes the tax rules on...

Uncle - despite my current status with the IR I still worry. By precedent they have accepted twice with me that SB winnings are not taxable which helps me going forward but it would be good to hear from other people who have acheived the same.

Gullible, Sorry can't back up my facts with test cases - that wasn't the point of my post. I am unsure if such test cases exist regarding spreadbet winnings - perhaps someone else could help with this -it would certainly clear up alot of issues on this topic But one thing does puzzle me so...

The problem with tax on spreadbetting is that it is difficult to seperate people's opinions (even informed ones) from facts. This may help I hope FACT : different tax offices adopt different approaches over whether winnings from spreadbet are subject to income tax. Some it appears say it is...