Spread Betting Forums Uk
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Hi Is spread betting taxable if it is your main source of income and you are not working? If it is not taxable do you still need to inform HMRC about any winnings? Thanks in advance
Hi Simon,
Spread betting is not regarded as taxable income unless you are carrying this out as a trade. You can find guidance on this in our business income manual here
BIM22015
Thank You.
Do I need to declare the dividends received in spread betting account? Also, do I need to declare the money received from spread betting when I transfer this to my bank account?
Hi Spread betting is non taxable, unless you are carrying this on as a trade. You can find guidance on this within our business income manual here Business-income-manual/bim22020 Thank you
"Hi Spread betting is non taxable, unless you are carrying this on as a trade." Hi, could you please confirm the meaning of "carrying this on as a trade."? Thanks,
Full details are here :
Business Income Manual.
Hello, An onverseas FX spread betting company uses a power of attorney to trade my funds alongside, and included with their own. a) Are any gains from this activity taxable, and b)either way, what reporting requirements, if any would I need to follow for correct record keeping? Many thanks, Martin
Hi,
Please see guidance here on spread betting:
CG56105
CG12602
Thank you.
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Anyone have any experience (good or bad) trading binary options as an alternative to spread betting?
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