Thursday October 22, 2020

CGT rise is boost for spread-betting firms

Equity investors are more likely to embrace spread-betting as a way of getting exposure to their preferred asset without incurring taxes.

9th December, 2012

Equity investors are more likely to embrace spread-betting as a way of getting exposure to their preferred asset without incurring taxes after the government raised capital gains tax (CGT) in the budget last week, according to industry sources.

Last Wednesday, Minister for Finance Michael Noonan increased CGT from 30 per cent to 33 per cent, which is the fifth straight increase since 2008 when it was just 20 per cent.

Spread-trading firms are planning to push equity spread-betting, which...

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