PRN: Spread Betting, an Alternative to Shares Trading, is Free of Stamp Duty and Capital Gains Tax
PRN: Spread Betting, an Alternative to Shares Trading, is Free of Stamp Duty and Capital Gains Tax.
Spread Betting, an Alternative to Shares Trading, is Free of Stamp Duty and Capital Gains Tax
LONDON, June 23, 2011 /PRNewswire/ --
Everyone is looking for ways to make their money work harder for them. Spread betting is a cost-effective method of financial speculation, as it is free of both stamp duty and Capital Gains Tax*. If you are a seasoned trader, but are unfamiliar with financial spread betting, City Index (http://www.cityindex.co.uk/) has a few pointers for you to bear in mind.
Use stop losses
Never put all your eggs in one basket
Trade within your means
Many traders use up their margin with a single opening trade. The reason this is detrimental is that it leaves you with little surplus in your account to allow for price fluctuations. Always hold back extra margin to cover your position should the markets go against you, or your trade could be closed out.
To learn more about the differences between spread betting and standard trading, visit:
* Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
About City Index: