Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 31% of retail investor accounts lose money when trading spread bets with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. All clients should be aware that trading involves risk.

Taxation Assumptions

  • The taxation calculations are only applicable to UK domiciled residents that have been UK resident for the full period associated with the share transactions.
  • Before using any of the taxation calculations provided for the completion of UK HMRC tax returns or other purposes, you must consult with a professional tax advisor.
  • The Capital Gains calculations are only applicable to shares that were either quoted on the London Stock Exchange or on an overseas recognised stock exchange throughout the period you held them (you may ignore any period when the quote or listing was suspended temporarily). When calculating your overall tax liabilities please include any Capital Gains from other sources.
  • Foreign investments are made in countries with double taxation treaties.
  • When making foreign investments, CGT withholding tax is not applied at source.
  • Taxation on shares, options or other securities held in employee share holder schemes are not supported.
  • Taper relief calculations are supported for companies that qualified as either Business or Non-Business type assets for the full period in which you owned them. Taper relief for mixed business type assets is currently not supported e.g. if a company started off as a Business asset, then changed its status to a Non-Business class asset during the period in which it was owned, the Taper Relief calculations currently do not support this.
  • On overseas investments, foreign chargeable gain is not greater than the equivalent UK chargeable gain.
  • The qualifying foreign period of ownership when calculating tax relief on gain for foreign investments is equal to the UK qualifying period of ownership.
  • Pre 1998 share identification rules, mainly the same day, the 10 day rule, Bed & Breakfasting rules are not support for 1982 and section 104 holdings. Indexation on 1982 and Section 104 holdings is supported for buy and hold scenarios were the disposal of shares are matched to acquisitions which occurred at least 31 days before the disposal.
  • If you have made an election to form a 1982 holding, please enter the number of shares owned and the elected cost as a single line item in the Investment section of the appropriate account using the date "31 Mar 82". If you have entered a 1982 holding, do not create account entries for the individual share transactions that form part of the 1982 holding.
  • Taxation support for investments held on the 6 April 1965 is not available.
  • Clogged losses including disposals to a connected person and losses transferred to you by trustees are not supported.
  • Taxation support is not available for shares or other securities held in trust.
  • Your gains are not treated as income due to excessive trading.