Excerpt from: Understanding Spread Betting
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| December 17, 2007 | | Tax advantages to placing spread bets | One of the advantages of spread betting is that it is considered gambling, and so some common taxes do not apply. There are tax advantages to placing spread bets.
The stamp tax and the capital gains tax do not apply to earnings from spread betting. However, before you take any other tax advantages, it would be wise to consult with an attorney.
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