CityTrader
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Heading towards the end of the year, having made a decent sum, I have decided to obtain a ruling from the Inland Revenue regarding the tax status of Spread betting income.
Obviously, anyone else who has had a ruling would influence the outcome of my situation. Has anyone out there had a definitive ruling from the revenue in writing -confirming that CFD's are taxable, and Spreadbetting isn't. If it is, if the income was CGT or income?
Please PM if you'd rather not make yourself public.
Wayno
Obviously, anyone else who has had a ruling would influence the outcome of my situation. Has anyone out there had a definitive ruling from the revenue in writing -confirming that CFD's are taxable, and Spreadbetting isn't. If it is, if the income was CGT or income?
Please PM if you'd rather not make yourself public.
Wayno