BetOnMarkets - Bet On Markets

Spread betting at sites such as BetOnMarkets is becoming more and more popular for investors who are looking to profit from the various world trading markets. However, like most other forms of investment, spread betting and betting in general is taxable in many countries and jurisdictions but thanks to a law change in 2001, spread betting in the UK is tax free.

For generations, gamblers in the UK had to pay a levy on either their stakes or their winnings but on the 6th October 2001 the then government abolished all taxes on betting. This led to an increase in all forms of gambling, especially financial betting, which instantly become more favourable to traders than traditional investment methods that carried tax levies.

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