May 21, 2009

Spread Betting Gains and the Tax Man

My accountant makes me show my spread betting gains but I have never paid any tax on them even if for the past three years these have been large amounts. She does my accounts with an ex-tax inspector and when I queried him about my spread betting winnings (don’t call them earnings), he couldn’t see any court making you pay tax on them, imagine the losses people could claim for because more lose on spread betting…

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