Good pointShaunWhite wrote: ↑Fri Oct 20, 2017 7:32 pmGambling = zero income tax
Trading = taxable at standard rates.
I know we can technically avoid income tax and NI, but all other 'buy it low, sell it high' trading activity from investment management to the local fishmonger attracts cgt, corp tax or income tax.
I won't be too sorry if the HMRC continue to call what we do 'gambling'.
I should say, from a little earlier, I did like Peter's post that a good distinction is that traders can still make money from correctly priced markets - I'd add a caveat though, that can only be done if the market 'moves' at some points to become 'incorrectly' priced...?
But I get the general idea that it isn't of course dependent on the true pricing of the outcome in the way that it is for the gambler.