The advantage of spread betting - no taxes

Whereas other investors normally have to worry about three taxes on their transactions, spread betters mostly don't.

Wouldn't a world without tax be great? Well about the closest you can get to it as an investor is spread betting. Whereas other investors normally have to worry about three taxes on their transactions, spread betters mostly don't. So what are they?

First off there's income tax on dividends, bond coupons and interest. This is levied at rates up to 50% for high earners.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.