Capital gain tax in UK

Discussion in 'Taxes and Accounting' started by Jain546, Jan 22, 2019.

  1. ZBZB

    ZBZB

    No stamp duty on spread bets or CFD.
     
    #11     Jan 23, 2019
  2. zdreg

    zdreg

    spread bets are a ripoff and banned in the US.
     
    #12     Jan 23, 2019
  3. Quiet1

    Quiet1

    IG Index's results are always worth a look for "revenue per customer". Latest results show "pro" customers in Europe getting absolutely hammered.
     
    #13     Jan 23, 2019
    tom2 likes this.
  4. Quiet1

    Quiet1

    slide 11
     
    #14     Jan 23, 2019
    Visaria likes this.
  5. Jain546

    Jain546

    Thank you all for your messages :)

    Looking at your links I guess I am correct with the taxation rates for capital gains (0% up to £11,700 and then 10% and/or 20%).
    https://www.which.co.uk/money/tax/c...l-gains-tax-allowances-and-rates-a0muq0c65cd7
    Regarding stamp tax on transactions, it seems to be for UK shares only so it won't be applicable to me since I trade US and French stocks.

    I think that's right for most country. For example in Switzerland (as far as I know). But in France the impression is that to tax CGT as a business will hardly happen when having a full-time job beside. About UK, it looks more obscure to me but if I turn jobless I guess it won't be a problem to continue trading and paying CGT the same way as above as long as it is for few months and for relative small amounts. Otherwise it will need to meet an accountant.
     
    #15     Jan 23, 2019
    Maverick2608 likes this.
  6. zdreg

    zdreg

    then why does the cfd or spread segment exist? it can't be taxes only.
     
    #16     Jan 23, 2019
  7. Visaria

    Visaria

    Why are they a ripoff? Is US futures trading a rip off as well?
     
    #17     Jan 23, 2019
  8. tomorton

    tomorton


    What is the sort of price differential between broker prices and SB prices for trading forex?
     
    #18     Jan 24, 2019
  9. southall

    southall

    Day to day not much differences.
    But during price spikes is when they will give you worse fills and rip you off.

    This was an example from the CHF spike a few years ago:

    IG provided a rate of 0.9250 on the EUR/CHF pair. The rate has been much lower when compared to a number of other retail brokers who started filling client orders at rates above 1.1200.

    https://www.financemagnates.com/for...nc-trades-after-financial-ombudsman-decision/
     
    Last edited: Jan 24, 2019
    #19     Jan 24, 2019
  10. tomorton

    tomorton


    OK, thank you for this.
     
    #20     Jan 24, 2019