If you're involved in spread betting, you might wonder how your profits are taxed. Spread betting holds a unique tax advantage – but sometimes profits are generally tax-free! Unlike other forms of trading or investing, where capital gains or income tax may apply, spread betting is sometimes treated as gambling. This means individuals don't have to pay taxes on their gains.
However, be aware of potential exceptions, especially if spread betting is your primary income source. To dive deeper into the specifics of spread betting taxation, click here: How Spread Betting is Taxed.
However, be aware of potential exceptions, especially if spread betting is your primary income source. To dive deeper into the specifics of spread betting taxation, click here: How Spread Betting is Taxed.
