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guest41766
You want to protect your position as a SB'er. And don't see the light of the other side of the argument do you!
who spreadbets at £100 per point ?
- Thread starter bermudaboy
- Start date
- Watchers 11
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guest41766
The tax situation is hypothetical and depends if you lean on the side of caution (take advice and progress from Spread betting) or are willing to take the risk of defending yourself in court which you could win or lose.
MasterOfCoin
Experienced member
For avoidance of doubt, and to benefit anyone who might remotely consider that OFXTraderO might have even the slightest idea about anything to do with UK tax rules, please read the full account here:
Difference between Spread betting and CFDs
yeah I put that HMRC post on there...I now an official SB pikey And who said miracles don't happen? 🍾 well he has to learn to read first, and then be able to listen and comprehend...and still send his first self assessment form in. we're along way from a miracle. all those youtube videos...
www.trade2win.com
bermudaboy
Junior member
Hi ,its simple really myself and you and whoever if profitable spreadbetting have you had to pay tax..my answer is no.For avoidance of doubt, and to benefit anyone who might remotely consider that OFXTraderO might have even the slightest idea about anything to do with UK tax rules, please read the full account here:
Difference between Spread betting and CFDs
yeah I put that HMRC post on there...I now an official SB pikey And who said miracles don't happen? 🍾 well he has to learn to read first, and then be able to listen and comprehend...and still send his first self assessment form in. we're along way from a miracle. all those youtube videos...www.trade2win.com
kevinberry
Junior member
No problems with the high amount but that would be very risky. You have high chances of losing in spread betting.
angelandrews
Junior member
I am not into spread-betting and I don’t even recommend putting a single penny in it.
Spreadbetting through a UK-registered SB firm is fine, as long as you don't misuse the account. What I mean is its not the best approach for very tight very short-term intra-day trading, what some people call scalping, the spreads are too wide. The range of markets is also limited, for example I reckon the firm I use only offers about a quarter of the AIM 100. For other stuff, its a good tool.
The decision as to whether to CFD or whether to SB will not affect whether your win or lose.
