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Spread betting by entity tax?


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Hello Forum

I know spread betting is normaly capital gain tax free for individuas,

for any profits if pread betting is not the individuals work.

What about spread betting with an entities money, by that imean a company, trust etc,

doesany one know if spread betting is normaly tax free for entities?

If you have any links to information appreciated.

thanks

iain

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From HMRC Webpage pasted below for "Individuals and others" not not within the charge to Corporation Tax, Spead Betting can be Tax free.

So it does appear for a company eg Ltd spread betting is not tax free, but for a Trust then spead betting might be tax free as possibly covered by "others"?

would require more investigating, but as like individuals it dependends on if spead betting is deemed to your work/trader.

"Individuals and others not within the charge to Corporation Tax

For individuals and others not within the charge to Corporation Tax the position is different. In such cases you will need to examine the contract to see if it is a gambling or wagering one. There is guidance on this at BIM22016. The profits or losses from gambling or wagering contracts are outside the scope of Income Tax (see BIM22015)"

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim56900

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  • 8 months later...

Spread betting with entities, like companies or trusts, is an interesting twist on the tax scenario. Generally, individual spread betting is capital gains tax-free, but it gets a bit more complex with entities. It's advisable to consult a tax expert for precise guidance based on your specific situation.

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