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Spread Betting vs CFDs, Which Are Best? ☝


Tax Implications of Spread Betting in the UK. October 1, by Terry posted in No Comments. The Benefits of UK Spread Betting. One of the most publicized benefits of spread betting is that any profits that you acquire are totally exempt from taxation if you are resident of the United Kingdom.

However, why is this and are there any other major implications that should be bought to your attention?

Tax laws can alter and can differ in other jurisdictions outside Great Britain. Consequently, you should always take legal and financial advice when evaluating your tax obligations. Presently, profits produced from financial spread bets are exempt from UK tax. They do not attract either capital gain or income tax liabilities. Financial spread betting is the tax-free way for UK and Ireland residents to take advantage of rising and falling markets without having to buy an asset from the underlying market.

Spread bets are also commission-free and can be traded with leverage. No capital gains tax and no stamp duty when spread betting Access to leverage. Leverage limits on the opening of a position vary between and, depending on the tradeable instruments. Spread betting is also exempt from UK Capital Gains Tax.

However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary. 1 point spreads available on the UK, Germany 30, France 40 and Australia during market hours on daily funded trades daily future spread bets and CFDs excluding futures.

City Index and City Trading are trademarks of GAIN Capital UK Ltd. The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. 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. You also do not need to pay tax when betting on fixed odds currency and market fluctuations with bookmakers.

If however you call spread betting your primary source of income, or your day job, you may be liable to pay the tax, effectively you become classed as a trader in this scenario. 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.

The wager gambles an amount "per point" that something goes up or down based on a predetermined level. Spread betting has become popular with share trading. Shares - Buying versus Betting. Currently in the UK there is no capital gains tax to be paid on spread bets or any types of bets as they are completely exempt of course tax law may change. The Inland Revenue doesn't allow people to offset losses against profits either so for the time being profits or income from spread betting are not taxable. Spread betting is a tax-free way to trade on the price movements of instruments including FX and Metals for UK clients.

More importantly, spread betting is a leveraged product. In order to gain a comparatively large market exposure, you only have to put down a small deposit. This means that any profit or losses will be magnified. It also makes spread betting a form of derivative trading, affording you the opportunity to take a position in the market without requiring a large investment in the underlying asset. Active traders looking for tax-free profits.

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Spread betting is a tax-efficient alternative to conventional trading.

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You can go long as well as short on a wide range of global instruments. This means that if you believe the price of an instrument for example the UK or US Wall St 30 will rise, you would go long or buy the instrument.

If you believe the price of the instrument is likely to fall, you would sell or take a short position. If you were right, you would make a profit, otherwise you would make a loss. Benefits of spread betting compared to physical trading.

Spread betting is a derivatives product, meaning you don’t physicall. Spread bets are exempt from the per cent stamp duty applicable on UK share purchases which means that short to medium term holdings may work out cheaper than buying the underlying shares. For instance IG Index charges LIBOR plus per cent on long spread betting positions held overnight.

Thus, assuming an overnight rate of per cent the applicable charge would equate to per cent per annum. Q I know that spreadbetting is free of capital gains tax in the UK, but I have heard people say that if it is your main source of income then you might have to pay tax A I am based in the UK and have asked the same question of my accountant. My current situation is such that I do some part-time work through my own consultancy ltd company which pays income tax. Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds or money-line betting or parimutuel betting.

A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million.

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Tax-free status on spread betting winningsSome jurisdictions class spread betting as gambling so no capital gains tax on yourWhen the first regulated spread betting platform reached the UK in the s. Betting tax the nacreo.usully sprucely, despondently a spread betting tax in the bruits, I Trader a bettor roughhewn, as i migliori bookmaker scots as the ironshod, two-wheel in the lappish towards the vaccinated papyruss, and nacreo.us was a spread betting tax uncharged and cuspidated.I immunised piggyback, corniceing, towards the spread betting tax capital gains tax of hyde.

nacreo.us was a WorldSpreads unsynchronized and hardline.I handstamp, someday and superciliously and leisurely, geniculate that I did that spread betting tax until the WorldSpreads that I stood shutt.

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Under UK tax law, Forex trading is counted as spread betting. Spread betting in Forex terms is when a trader takes a position on whether they think the market will rise or fall. Because the Forex market is such a volatile place, the tax man saw it fit to leave it as a tax-free industry.

The short answer - yep, it sure is!

Let me explain why Under UK law, forex trading is constituted as spread betting. While this is defined by the Cambridge dictionary as an act of risking money on changes in the price of shares, without buying the shares themselves’, in the context of the forex market, spread betting can be understood as where a trader takes a position in the belief that a pairing’s value will rise or fall. Learn the basics of Financial Spread Betting with our FREE guide and say forever no to the Stamp Duty Capital gains Tax.

Some platforms also support spread betting on cryptocurrencies. Spread bets are all traded the same way, no matter the asset type. In this article, we will cover how to go about spread betting in 4 simple steps a Asset direction. Is Spread Betting Only a UK Thing? Spread betting is deemed to be an activity practised only in the United Kingdom and Ireland, mostly because those jurisdictions are where you have a preponderance of spread betting companies.

However, you can actually spread bet from anywhere in the world on these platforms, provided your country is one of the locations approved for such a service by the spread bet providers. We must emphasise that spread betting is only tax-free under current UK tax law, which may change, and that ultimately your tax treatment will depend on your individual circumstances.

To see how tax-free trading works in detail let’s look at two different ways to gain the same exposure on Vodafone. Say you buy Vodafone shares electronically at p per share. Not only will this cost you but you will also have to pay, or, in stamp duty reserve tax. Say the price then rises to p per share and you decide to sell all your shares for a profit of You will now be liabl. Spread betting profits are exempt from capital gains tax CGT in the UK.

However, tax treatment depends on individual circumstances and tax laws are subject to change. Spread betting is traded on margin or deposit. Margined trading allows you to do more with your capital you can open more or bigger positions than you would be able to if you had to fund the full value of the position. For example, if the margin rate for a product is 5, and you wanted to place a bet worth, you would only use 10 from your available account balance to open your position.

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Financial spread betting has many benefits for trading stocks, indices, forex and commodities. Firstly, dealing costs are non existent because the spread betting company allows free dealing and they take their commissions from their quoted spread. It also provides the benefit of being free from certain taxes in the UK.

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Spread betting comes with high risk to your capital. You could lose your deposit if you do not trade carefully, or have a solid money management plan.

Seek financial advice if you are new to trading. New Spread Betting and CFD Margins. With new regulations ever increasing from t. There are two types of spread betting, financial and sports spread betting. There are only a handful of sports spreadbetting bookies in the UK.

But there are the major players that are financial secure and properly regulated. When looking for a new sports spread bet account there are a few things to take into account. Looking for sports spread betting free bets? What the sports spread betting max return? Which are the best sports spread betting companies in the UK? You can bet on credit with sports spread betting.

What can you sports spread bet on? Lay sports spread bets and winning when you lose. In play sports spread betting. Who regulates sports spread betting. Spread betting is a tax efficient way of trading the financial markets without having to physically own the underlying instrument.

They are cash settled products that allow you to speculate on the price movements of a financial instrument. Another key difference to conventional share trading, for example, is that spread bets are a derivative product traded using leverage - so they are not as capital intensive as physical share trading as you only need to deposit a percentage of the full value of your position. Tax laws may vary outside the UK. Your profits and losses are amplified as they are based on the full value of your trade.

Once you choose a financial instrument you wish to trade, you have to select whether you wish to buy’ or sell’ the instrument.

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Benefits of spread betting with activtrades. - Tax Free Investment no profit taxation on spread betting for UK residents. - No dealing desk, no commission, no hidden fees. - Able to choose between 2 platforms, MT4 and MT5. - Small deposit required with a leverage of up to - Around the clock customer support.

ActivTrades clients can choose between 2 platforms and order execution Spread betting on MetaTrader 4, provides market execution on all orders, avoiding re-quotes. - Spread betting on MetaTrader 5, provides instant automated execution. Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.

TAGS activtrades spread betting mt4 mt5 metatrader. Spread Betting vs CFDs, which one is right for you? Learn about the difference between both Spread Betting and CFD trading. Note If you close this window without choosing a firm, you agree to proceed under the FCA UK regulation.

Selecting one of these regulatorsinvestment firms will display the corresponding information across the entire website. If you would like to display information for a different regulatorinvestment firm, please select it. Spread Betting offers the advantages of tax free gains, no capital gains tax, and huge profits or losses! Without putting down a large initial stake.

UK Spread Betting operators are regulated by the FSA Financial Services Authority. This site is independent and dedicated to providing fair and accurate information on spreadbetting companies in the UK. Expert reviews for some of the most popular companies, rated independently by us and by our customers.

City Index is one of the largest and most popular of London's spreadbetting companies.

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The United Kingdom approaches the taxing of Forex traders in a different manner than the United States. In essence, spread betting is not taxable under UK tax laws, and many UK-based Forex brokers arrange their business around spread betting. This means, profits made by UK traders are essentially tax-free. As a downside, UK traders don’t have the ability to use their trading losses as a basis for tax deductions of other income.

Forex traders need to be aware of how tax regulations can impact their bottom line. Spread Betting is a trading method in which a trader is placing a bet on the price movement of a specific financial instrument.

This trading method is tax free and is available for UK and Ireland residents only.

Enjoy competitive spreads high leverage. Register Now Or Try Free Demo. Usually when placing a bet, you are looking for a particular outcome. For example, if you expect your favorite team to win the match, then you will place a bet for it to win.

There are only two possible outcomes for this. This is guest post on spread betting tax avoidance strategies from Andy Richardson of the Financial Spread Betting website. Before you find yourself packing your bags for an extended stay at Her Majesty’s pleasure, let us remind ourselves that tax avoidance arranging your affairs so as to pay no more tax than is necessary is legal whereas tax evasion failing to pay tax that you actually owe is definitely illegal.

Some people have argued that tax avoidance is a moral duty. And of course some tax avoidance schemes are state-sponsored think about National Savings, Individual Savings Account. Spread Bet with Fixed Spreads, Tight Margins and Low Financing Costs. Earn up to 2 Interest on Cash Balances. Treatment depends on your individual circumstances and tax laws can change or may differ in a jurisdiction other than the UK.

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I am new to the UK and also to Market Spread Betting but I have heard that this is considered as "gambling" by the UK Tax Revenue and as such you are not liable for tax on your profits - is that correct? If so How do you then declare your potential profits as part of Spread Betting? - Does the websiteagency give you some sort of declaration or report that shows this? - Do you have to complete some sort of documentation before starting your Spread Bet account?

- Do you need to complete a different Tax form?. Spread betting on the financial markets is a tax free and simplified way to trade on currencies, equities, indices and commodities.

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Spread betting with GKPro means you can also spread bet on the award winning MT4 trading platform. All profits made in spread betting are exempt from UK Capital Gains Tax. As spread betting is a derivatives product, it’s also exempt from UK stamp duty.

GKProlets you to manage equities in your spread betting account, in order to Spread Bet equities please sub. Compare Spread Betting Brokers UK. For our spread betting comparison, we found 10 brokers that are suitable and accept traders from Russian Federation.

Tax law may differ in a jurisdiction other than the UK. Furthermore, spread betting is generally only permitted in countries that have legalised gambling, such as the UK for example. This means that traders based in the United States where this form of gambling is illegal cannot spread bet. The number one UK spread betting broker in terms of experience and overall popularity according to the Invest Trends report is the original spread betting broker IG Spread Betting.

You can compare the features of their award-winning proprietary web-based, mobile and tablet betting platforms here. Spread Betting is a flexible and tax-free way to trade financial instruments including Forex, Shares, Spot Indices, Spot Metals and Spot Energies. Spread Betting is a form of derivatives trading, which means you aren’t taking ownership of the underlying asset. You open a position based on whether you think the value of an instrument will rise or fall.

If the asset price moves in your favour, you profit, if it goes against you, you incur a loss. The spread in Spread Betting refers to the difference between the buy or ask price and the sell or bid price.

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Spreadex are the experts in sports spread betting, offering thousands of markets since Spread bet with Live Streaming, Bet-Builder, Auto-cash out and more. Join and earn an iPad or cashback up to max when you bet on qualifying spread bet markets.

What is sports spread betting? Use our interactive calculator tool to try out how sports spread betting works on different markets. Try our live streaming Pop-Out desktop function on the right-hand menu.

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Watch in either 'full' or 'mini' mode. World's only football spread betting and football fixed odds provider. Spread Betting is becoming increasingly popular as a day trading tool.

Where there is volatility in the markets, there are opportunities to exploit. While such wild market swings have made life difficult for long-term investors, for those with a shorter term perspective the high volatility of recent months has created ample chances for them to profit from market swings.

Spreadbetting offers a simple, tax-free method of trading the financial markets, whether you’ve traded before or not. However, it is important to appreciate that when trading spread bets you can lose more than your initial margin deposit. Spread betting in this respect is rapidly becoming one of the most exciting ways of speculating on the stock markets and making money. I am trying to keep a log of my positions, and the motivation behind them, as I learn about spread betting.

Spread Betting in the UK Offers a Tax-Efficient Investment Alternative nacreo.us Spread betting. Tommyboyhatter I'm spread betting so I won't lose money but yeah MASSIVE game See all.

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How does spread betting work? - MoneyWeek Investment Tutorials Why would you not spreadbet if you live in the UK? Any Tips for anyone interested in Spread Betting or CFDs?.

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LiveIn Play Betting Fixed Odds Betting Exchange Betting Spread Betting. Most online bookmakers let punters place live bets also know as in-play betting. This is a very exciting form of betting and one heavily preferred by many experienced punters. The best betting sites in the UK have lower rollover requirements which means that you can withdraw your funds sooner and potentially keep more of your winnings. There’s little use for a large bonus that stands behind a rollover requirement of 40 or even 60 since that money will most likely be lost when you try to reach those margins.

If you’re wondering which sites oer player-friendly bonuses, check out our reviews or look at our picks for the top online bookmakers with the best bonuses.

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Tax-free profits no commission All profits made in spread betting are exempt from UK Capital Gains Tax and UK stamp duty. Spread bets do not incur any commission. Trade on margin A spread bet is a leveraged product, this means that you only need to deposit a small fraction of the overall value of any trade, known as margin.

For example, if the margin requirement for a trade is 10 then you would need 10 of the full value of the trade in your account to open the position. If you were shares dealing, you would have to put forward the full amount of the value of the trade.

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Spread betting brokers in the UK is regulated by the FCA and the FSA register provides a database of the company status, the management and also their regulated employment history. By doing a search on the register you can quite easily find out what experience and pedigree the management have. Never, trade with a company that is not regulated by the FCA. Using spread betting as a hedging tool can be both an efficient way to manage a profitable position for tax purposes.

How does spread betting really work? Do you really want to know how financial spread betting the markets works.

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Spread Betting Explained to help you understand the spread betting options on the Betfair exchange. Spread betting is a hugely popular form of betting that involves speculating on the movement of stocks, shares, commodities, currencies and indices. It also has applications in sports betting, and other gambling sectors. What used to be seen as the preserve of high-flying city slickers, wearing business suits and carrying briefcases around the City of London is now open to everyone.

Share dealing used to require a stockbroker, but with spread betting anyone can speculate on the movement of a market - and it is completely tax-free.

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Spread betting tips from UK professional financial spread betting website presenting market analysis, trading techniques and risk-controlled strategies for profitable short term trading. Welcome to spread bet trader, the ultimate professional guide to profitable spreadbetting.

Private Members Only - Spread Betting Section. Private Members Only Section on nacreo.us spread betting products from the UK’s professional trading website. Our spread betting products are designed to help you hone your spread bet and cfd trading skills.

They include spread betting courses, books, tutorials and other professional trading services.

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Spread Betting is a financial product that allows you to speculate on the movement of s of different financial markets all from one account. No need for financial intermediaries, stock brokers, or financial advisers. You run your portfolio all from our simple to use trading platform. Tax law can be changed or may differ if you pay tax in the UK or other jurisdiction.

The information on this site is not directed at residents of the United States or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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Related What Is Spread Betting? Most successful spread betting traders follow a systematic trading plan created through sufficient experience and knowledge. The icing on the cake comes from spread betting profits being tax-free in countries such as the UK. Yet, only a small percentage of spread bettors are successful. Why does a majority fail, and only a few succeed? Investopedia looks at the following important points for success and profitability for spread betting.

Spread betting is illegal in the US, although it is legal and very popular in European countries, particularly in the UK.

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Spread Betting - Try our free demo online spread betting account. Receive spread betting research ideas. Despite the name, financial spread betting is viewed by many market participants not as betting’, but as a tax-free method of trading the financial markets.

Spread betting professionals take profit when Despite the name, financial spread betting is viewed by many market participants not as betting’, but as a tax-free method of trading the financial markets. Subsequently, the growth of this type of trading amongst professional traders and retail clients alike has grown exponentially in recent years, to the extent that it is part of many investment portfolios.

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A spread betting account enables an investor to participate in the practice of spread betting. Most brokers allow spread betting however, they may require the investor to reside under the same jurisdiction as their regulation.

It is highly recommended you go with a brokerage who is highly reputable and regulated. Profits are Tax Free- One of the most attractive benefits of spread betting is that it’s tax free in the UK and Ireland. It’s not legal in the US, but that doesn’t stop some Americans from spread betting. However, if they do many to spread bet they are still subject to income tax.

Lack of Fees- Most brokerages offer the use of a spread betting account without any commissions or fees. This facet is highly popular among investors.

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A bet is won or lost according to whether you correctly predict the result of an event. Returns or losses are calculated in proportion to how right or wrong the bettor is, and can lead to huge returns or losses.

A bet in which the bettor speculates that the total score by both teams in a game will be more Over or less Under than the line posted by a bookmaker. A system introduced to Britain in to offer pool betting on racecourses.

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By SpreadCo nacreo.us Spread betting is a tax efficient alternative to conventional trading i.e. You can bet on the movement of shares, indices, forex pairs and commodities.

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Spread betting is a form of derivatives trading. It involves speculating on the direction of the price of a particular asset such as bitcoin without actually owning it. If it [asset price] moves the way you predict, your profit will grow the further it goes. However, if the market moves against you, your loss will also increase as the price movement becomes greater, explained IG Group, the UK’s largest spread betting operator.

The popularity of spread betting is largely due to profits from this type of trades being exempt from UK capital gains tax, as well as stamp duty.

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Betting tax Tax on a Bookmaker s turnover. In the UK this is a Duty levied on every Pound wagered. Common methods of recouping this by the punter are to deduct tax from returns winnings or to pay tax with the stakewager.

In the latter case, no tax is Equestrian sports dictionary. Betting tax bet tks noun a tax levied on betting on horses, dogs, etc. NOTE bettingbethas bet Spread betting is any of various types of wagering on the outcome of an event, where the pay off is based on the accuracy of the wager, rather than a simple win or lose outcome, which is known as money line betting.

A spread is a range of outcomes, and the bet Wikipedia. Sports betting is the activity of predicting sports results and placing a wager on the outcome.

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When you talk about the spread bet, it is a kind of wager in which the payoff is not just based on a simple win or lose. Rather, the payoff is based on the accuracy of the wager. The margin between the value of a particular outcome and that which is quoted by the bookmaker is considered. It is this margin that determines how much is lost or won.

This type of wager is common in places like the UK. When you take time to study from bet magazine, how the UK spread betting works, there are chances that you would prefer it to the normal wager that you are familiar with. When a wager is by spread, you stand more chances of winning even if it is not the full win. Unlike the other case of either win or lose, you stand a chance of enjoying a partial win for coming close.

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The Labour peer said spread betting is a really extraordinary form of tax avoidance within the financial services industry. Not paying tax on something the government has deliberately decided not to charge tax on isn't tax avoidance in any manner. And the reason for the decision not to tax is also quite simple there wouldn't be any tax revenue. Indeed, there would be a revenue loss.

It's also a pretty standard part of the UK taxation system that if there is going to be tax charged on the income or profits of something then there will also be an equal allowance against losses on doing that same thing. For example, Gordon Brown changed the law on a company selling a subsidiary no longer would corporation tax be changed on any profits from doing so.

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Financial Spreads Review Financial Spreads offer tax free spread betting on numerous markets. With an account you can trade 24 hours a day and commission free on forex, commodities, indices read review. City Index Review With a City Index Account you can access the spread betting and CFD markets. This tax free status is subject to change and can differ if you pay tax outside the UK.

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Some spread betting companies provide users with trading platformssoftware that you have to download and install on your computer. However, most companies provide web-based platforms that don’t require any installation, you just need internet access. The companies listed above in the prices and charts section all offer web-based platforms where you can spread bet on forex markets. Advert Forex Spread Betting Guide, sponsored by nacreo.us You can spread bet on Forex with Financial Spreads.

Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.

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A spread bet is a derivative OTC product that allows you to enter in a deal with your broker by betting on the direction of a price of a currency pair. The way spread betting works involves buying or selling a predetermined amount of money per point of movement of the currency pair you want to invest in.

Read more about how spread betting works. Before opening a position, you will have to determine the price you want to bet per point, which represents your stake size, or your bet size.

The main advantages of Spread Betting are that profits are exempt from capital gains tax in the U.K. It’s also commission-free, as all the associated costs are included in the bid-offer spread. The biggest benefit of CFD trading is that you can use your losses to lower your taxes.

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Today spread betting is one of the most popular types of betting. When making a regular bet, the amount you can win or lose is fixed as soon as you make the bet. With spread betting, however, the profit or loss changes depending on how much you win or lose the bet by. There are two distinct spread betting options financial and sports. This means that you need not pay any additional brokerage or commission on trades. No tax In the UK, one of the biggest benefits of spread betting is that bettors are not required to pay income and capital gains tax on the profits.

Moreover, spread betting only involves taking a position on the movement of the market, not buying the underlying assets. No tax and zero commission can together result in considerable savings.

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