Excerpt from: Understanding Spread Betting
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| November 10, 2006 | | Financial spread betting gains are not subject to taxes | | When it comes to financial spread betting, one of the main advantages is that there is no capital gains tax on your winnings. Because placing spread bets is a form of gambling, and because you do not actually own anything (as is the case with stock share trading), the same taxes do not apply to spread betting that apply to other types of involvement with financial markets. | | |
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