Thread: spread betting
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Old 28-09-2009, 09:49
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Egwig Egwig is offline
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Join Date: Apr 2009
Location: UK
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Originally Posted by Trading Gurus View Post
The tax they have to pay isn't the same amount that you would have had to pay, not least because in general they make a profit and their customers don't! That's certainly one dilemma the brokers have though.

They'd also need extra software in the back office to do their SB sums differently from their forex ones.

It would seem that the more we stir this pot the muddier it becomes.

It is a little like having two bookmakers' betting shops next door to each other.

Presumably any profit made by either bookmaker would be subject to the same tax laws.

If I use the first and have a win I pay tax but if I go next door and have a win I get away tax-free.

I still don't fully get it. :confused:

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