Income Tax / Capital Gains Tax on Spread Betting / Trading

I want to start trading using either CFDs or spread bets. I have read that spread betting is capital gains tax free, but is it also free from income tax? Does the tax-free rule also apply to a person who trades currencies / shares / commodities through spread bets regularly, i.e. they do so full time and it is their main / only source of income?

Hi

Please take a look at guidance here BIM22015 - Meaning of trade: exceptions and alternatives: betting and gambling - introduction
and associated links.

Thank you