I don't think you should worry about tax issues when investing in these instruments. Gains are hard to come by and only when you've already had a successful strategy should you concerned about paying taxes for them.
Thanks very much.
In relation to Mark Shipman's book, he points out the advantage in spread betting to take a position in commodities - namely that UK residents don't pay any tax on gains.
Do Irish residents enjoy the same tax advantages...?
It's the same for Irish residents. He also STRONGLY warned against this type of investment if you're new to the game. Be very carefull.
I know I have to read up about spread betting but dont these bets expire pretty quickly hence its gambling as distinct from investing ? And the original poster did ask for the cheapest way to 'invest'. My intention isnt to be pedantic. Compare this to buy and hold .
At least if my bet on the markets goes wrong when choosing to buy a share, the company can always turn itself around. However if I make a spreadbet on that share and it expires in a month or the bet fails then what am I left with ? I've lost my capital with no chance of regaining it.
Is my understanding of spread betting as outlined above correct ?
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