Will the transfer affect my tax position?

Your open positions are closed as part of the transfer. It is worth understanding what that means for you.

Profits from spread betting are not typically subject to capital gains tax or stamp duty in the UK, and the transfer does not change that.

Closing a CFD position is a disposal for capital gains tax purposes, so the transfer may crystallise a gain or a loss in the current tax year, even where the position is reopened immediately on the same terms.

We cannot give tax advice, and your own position will depend on your circumstances. If you are unsure how the transfer affects you, please speak to a qualified tax adviser before the transfer date.