I have been spread betting for years and have just recently opened an account with MAN financial to trade CFDs. We all know that any profits or losses need not be shown on a persoanl tax return in respect of spreadbets.
Regarding CFDs does anyone know how to enter a trade on a tax return.
For example I shorted Next on 16/3/2004 - 2000 @ 13.73 and closed on 22/3/2004 - 2000 @ 13.30 - a profit of 860. On the tax return do I put acquisition nil - disposal 860 less commission, plus or minus interest & dividends if applicable. Or do I put acquisition 26,600 (or 10% margin 2,746) and disposal 27,460 less costs etc.
I know the end result will be the same but there must be a precise method of entering them.
Any assistance would be gratefully received.

Just send them your monthly statements