Page "Spread betting" Paragraph 37

Conversely, in most other countries financial spread betting income is considered taxable.

For example the Australian Tax Office issued a decision in March 2010 saying " Yes, the gains from financial spread betting are assessable income under section 6-5 or section 15-15 of the ITAA 1997 ".

Similarly, any losses on the spread betting contracts are deductible.

This has resulted in a much lower interest in financial spread betting in those countries.