Manual Trades – 5 Secs TF

Viewing 11 posts - 31 through 41 (of 41 total)
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  • #203617 quote
    shug
    Participant
    Junior

    No CFD’S daily cash I trade yes Tax free in uk its classed as gambling

    #203618 quote
    shug
    Participant
    Junior

    It is tax free until you pull money out of your account and buy anything with it, then you pay the tax man on every item you buy, so, its not exactly tax free so to speak! tax man wins every trade lol

    #203619 quote
    shug
    Participant
    Junior

    Hows your trading ? hope its good

    #203626 quote
    snucke
    Participant
    Veteran

    if you trade “cash” you are trading CFDs, there are no other option except futures

    #203627 quote
    PeterSt
    Participant
    Master

    … which are also CFDs with IG (as far as I know) …

    #203628 quote
    shug
    Participant
    Junior
    #203629 quote
    shug
    Participant
    Junior

    https://www.cmcmarkets.com/en-gb/spread-betting

    scroll down this page and read it

    #203630 quote
    shug
    Participant
    Junior

    s spread betting tax-free in the UK?

    Spread betting is tax-free in both the UK and Ireland*, which means that if you are situated in either of these locations, you will not have to pay extra charges. However, tax treatment depends on individual circumstances and tax laws are subject to change.

    Spread betting is tax-exempt in the UK and Ireland, so no stamp duty or capital gains tax is required to be paid or reported to the HMRC on profits made. Spread betting is considered a speculative bet instead of an investment, and so it is treated in the same regard as a gambling activity.

    Please note that spread betting isn’t available outside the UK or Ireland. If you are looking for a more suitable product, then we also offer contracts for difference (CFDs), which are available globally. Read more about trading CFDs​ with us.

    #203631 quote
    Eric
    Participant
    Master

    77% of retail investor accounts lose money when trading spread bets and CFDs with this provider

    https://www.ig.com/uk/glossary-trading-terms/dfb-definition

    And still

    IG Group Holdings plc has published its trading report for the financial year 2022 ended on 31 May 2022.

    During this period, the company saw a 16% jump in net trading revenue. The total number reached £972.3 million, compared to the previous year, when it was £837.3 million.

    https://www.leaprate.com/forex/brokers/ig-group-sees-16-increase-in-revenue-in-fy22/

    #203632 quote
    shug
    Participant
    Junior

    Spread betting tax explained

    Spread betting’s unique benefit is that it is exempt from capital gains tax and stamp duty. When compared to conventional share trading and CFD trading, spread betting is the only product to offer tax-free trading in the UK and Ireland.

    #203633 quote
    shug
    Participant
    Junior

    I thought it was a higher % than that Uck well I won’t fall into that % anyway I have took my initial investment out long ago

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Manual Trades – 5 Secs TF


General Trading: Market Analysis & Manual Trading

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This topic contains 40 replies,
has 7 voices, and was last updated by shug
3 years, 3 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 06/11/2020
Status: Active
Attachments: 10 files
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