BOBBY C>> All the profits from spreadbets are absolutely free from UK capital gains and income tax, the downside is you cannot roll forward any losses in your spreadbet account. Also, people tend to punt more than they can afford which causes huge problems for them when the market goes the wrong way.
However, since mine are all paid for - I use the cash realised by the 'sale' from one broker to another to hedge my position.
Futher if I had originally paid 6p for my shares (which I didn't), then I could offset the difference in my original purchase price (6p) and my 'sale' price(4.5p) and roll that loss forward (1.5p x 1M shares) to the next year in my investment trading account.
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