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Spreadbetting


james Mallett

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>Does anyone have any information on
>financial spreadbetting while resident in
>France - is it taxable
>? Or tax-free like in
>the U.K.

As far as I know, spread betting is a strictly UK phenomenon. However, the spread firms are keen to increase their business, and it ought to be possible to run an account from outside the UK.

Incidentally, before the abolition of betting tax, spread betting was not strictly speaking tax free. The spread firms simply set the spread to guarantee themselves a percentage which enabled them to absorb the tax.

Best wishes,

Tony
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