Recent content by gi trader

thank you will try digesting it over the weekend. do you perhaps have some links to leslie's case and also article 85. just want to be 100% looking at the right place. thank you

@1invest thank you once again for your time. I see that you are very knowledgeable (and probably more far more than me as i am just a layman) and am really not trying to argue but rather understand. I hear some of the points you are making from the leslie case. it appears to me that the leslie...

@1invest thank you for your reply. please help me understand which hmrc manual you are quoting from. do you have a link? from what i have understood you are quoting "City Index Ltd v Leslie". In that case Mr leslie actually opened a "Spreadbet" account. and even so the judge considered...

@Big deal. Thanks for your information. My question is mainly regarding my friend who has made 500k on synthetic cfd trading. so like trading ig's cfd on ftse 100 for example. based on my previous arguments put forth i think there is a strong case in court these should be tax free as wagers...

Yes you are correct that is the view of all brokers. whenever i have proded a broker like ig or cmc for proof they always tell me that i have to ask my own legal tax advice to an accountant and they do not guarantee in the small print their accuracy as they are not qualified tax specialists...

@Parky thank you for replying as well. ProSpreads in gibraltar used to do this. but also please see my reply to tomorton.

@tomorton , thank you for replying. i understand that what you have written is the consensus of most of the brokers. but do you know where i can find this somewhere on a government portal, or from legislation, or from a previous court case. because if i go to court which i might end up...

sorry to resurect an old thread. but i have a question according to https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim22016 where Hawkins J in Carlill v Carbolic Smoke Ball is pretty clear that even a cfd should be considered a wager and bet and be tax free. there is no...

I have used gkfx for quite a while. actually back a few years ago i lost a lot of money trading eur/aud around -40k loss. I was quite shocked but okay perhaps it was my fault. but recently they held a promotion for a £15000 deposit bonus with a requirement of £2 spreadbet for every £3 bonus. i...

atom8 just a thumbs up to atom 8. :thumbsup: I have just started using their trading platform as I was with the large players and tried a smaller broker which make you feel more at home. I just wanted to leave them credible feedback where it is due as i placed a couple of trades in these...