Spread betting Account and moving abroad

[Alan1078]

If moving from UK and taking residence in another country, can i leave futures positions open in my spread betting account?

If i can, anyone know if tax might be applied if i was to withdraw significant gains accumulated whilst living abroad?

Thank you!

 

Alan

[MongiIG]

19 hours ago, Alan1078 said:

If moving from UK and taking residence in another country, can i leave futures positions open in my spread betting account?

If i can, anyone know if tax might be applied if i was to withdraw significant gains accumulated whilst living abroad?

Thank you!

 

Alan

Hi @Alan1078

If you move to an alternative country you'd have to open a direct account with that office, this is due to different legal jurisdictions among other things. This will really depend on the account type that you have, and where you are moving to. For example if you have a spread betting account but move to Australia, different rules would apply as apposed to say, having an ISA and moving to Canada.

It will also depend on how long you are moving for as short term secondments can sometimes be processed differently. Please get in contact with us on helpdesk.uk@ig.com or use our live chat feature for further assistance with the specifics and we should be able to assist.

See how our offering changes in different locations around the world: Compare our international offering

All the best - MongiIG