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Etoro CFD questions

  • 17-04-2024 4:43am
    Registered Users Posts: 42

    many many years ago I used etoro to invest in something, which under the hood was a CFD

    An accountant many years ago told me that CFDs are considered gambling as you don’t own the actual asset, and because of this it wouldn’t fall under CGT. However I’m now unsure if this is true.

    1. Is this true? (If not, was it ever true years ago???)

    2. Does it have any impact in regards to tax if you used leverage? Eg x2 leverage