I've been using IG Index for a while now on my forex trades and finally am looking at the possibility of using it as my main source of income.
I know that spreadbetting is free of capital gains tax in the UK, but I have heard people say that if it is your main source of income then you do pay tax.
Can anyone confirm this, and what the tax rate would actually be? What's the most tax efficient (and legal) way of getting around this?
thx
I know that spreadbetting is free of capital gains tax in the UK, but I have heard people say that if it is your main source of income then you do pay tax.
Can anyone confirm this, and what the tax rate would actually be? What's the most tax efficient (and legal) way of getting around this?
thx