Hi traders, I am planning on spreadbetting the FTSE100 this summer and wondered whether I need to keep records of my profits/losses for tax purposes? If so how and what forms do I need?
I am unaware of anyone being chased up by HMRC, no matter whether it was their sole source of income or not. However, I don't want a nasty bill/audit in 4 years time!
Also if people are taxed - what's the point in spreadbetting when you can get better prices with CFDs? :confused:
I am unaware of anyone being chased up by HMRC, no matter whether it was their sole source of income or not. However, I don't want a nasty bill/audit in 4 years time!
Also if people are taxed - what's the point in spreadbetting when you can get better prices with CFDs? :confused:
Spreadbetting and Tax (2016)
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