Now that capital gains tax has changed it may be worth looking at a non spread trade broker.
For peeps that don’t know the capital gain allowance is now £9600 (each for man and wife £19200) and then the tax is 18%
This will not affect any N.I or personal tax allowances, so part time working wife’s can still get £9600.
Wow hasn’t the government been good to us.
Well not quite, they have taken far more by not allowing indexing anymore.
If you bought a buy to let 10 years ago you could wright off a large percentage of your gain due to the time held.. This has now been stopped, so what has got investors hot under the collar is good news for traders.
As I don’t know anything about “Normal” type trading who are good brokers that don’t charge a commission and hopefully UK based.
Thanks
Mart
p.s. .I have been looking at the tax rules and income from gambling (Spread trading) must be “Casual” as they put it to be tax free !
For peeps that don’t know the capital gain allowance is now £9600 (each for man and wife £19200) and then the tax is 18%
This will not affect any N.I or personal tax allowances, so part time working wife’s can still get £9600.
Wow hasn’t the government been good to us.
Well not quite, they have taken far more by not allowing indexing anymore.
If you bought a buy to let 10 years ago you could wright off a large percentage of your gain due to the time held.. This has now been stopped, so what has got investors hot under the collar is good news for traders.
As I don’t know anything about “Normal” type trading who are good brokers that don’t charge a commission and hopefully UK based.
Thanks
Mart
p.s. .I have been looking at the tax rules and income from gambling (Spread trading) must be “Casual” as they put it to be tax free !
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