18% Flat Capital Gains Tax?

[marlintrdg]

I just saw on TV theirs now only going to be Only 18% Flat Capital Gains Tax?, why spreadbet?

Or have I got this wrong :?:

 

[the blades]

I just saw on TV theirs now only going to be Only 18% Flat Capital Gains Tax?, why spreadbet?

because it's tax free

UTB

 

[marlintrdg]

because it's tax free

UTB

But the SB bookies are including the tax in the spread, so its not really tax free, just no messing about with your winnings with the tax man.

For the hassle the SB bookies puts one through, wouldn't cfd's be a better option?

I know the cdf vs sb has been beaten to death, so don't really want to go their, but if its only 18% and your spread is fixed, that looks better to me.

btw, is the 18% flat cgt even real or just some political sound bite?

 

[Vorbis]

I know the cdf vs sb has been beaten to death, so don't really want to go their, but if its only 18% and your spread is fixed, that looks better to me.

Isn't the betting tax only 9% ?

Of course, it will depend on whether the increase in spreads with the SB is a realistic reflection of the figure.

 

[marlintrdg]

seams like this may have been old news after all, http://www.trade2win.com/boards/taxation-accounting/26723-capital-gains-tax-18-a.html#post362175

sorry about that...