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Business Spread Betting


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Hi,

I have been spread betting for just over a year and have made good gains, approximately 25%.

I understand the gains are tax-free.

I wanted to know if I can use this as a business. If so, are the gains then taxable.

How are they listed in the P&L accounts?

I'm not sure if I am clear enough.

Kind Regards,

ProblemSolver - With a problem

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5 hours ago, problemsolver said:

Hi,

I have been spread betting for just over a year and have made good gains, approximately 25%.

I understand the gains are tax-free.

I wanted to know if I can use this as a business. If so, are the gains then taxable.

How are they listed in the P&L accounts?

I'm not sure if I am clear enough.

Kind Regards,

ProblemSolver - With a problem

Hi @problemsolver,

IG does offer corporate accounts to trade as a company. Please reach out to newaccountenquiries.uk@ig.com . The team will be happy to have a chat with your on the differences with a retail account. 

All the best - Arvin

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  • 1 year later...
On 16/02/2023 at 22:28, BryanDixi said:

In regards to using spread betting as a business, it depends on the laws and regulations in your country and how you operate your spread betting activities.

Some countries may consider it a form of self-employment, in which case you may be required to pay taxes on your gains. It's always best to consult with a tax professional or financial advisor to get a clear understanding of your tax obligations. They can also help you with the listing of your spread betting gains in your P&L accounts.And if you're interested in learning more about business valuation, you can check out this link: Good luck!

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