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W-8BEN form and tax for spread betting

Guest trader18


Guest trader18

I have been requested by IG to fill a W-8BEN form for US stocks. All I am doing with my account is spread betting, and I thought this was totally free of taxes in the UK (I am UK resident). 
Does this mean I will need to pay taxes if I do spread-betting on US stock? Is spread-betting not tax-free in the end? 

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