What type of tax applies to profits made from trading stocks using Contract for Difference?

In the 2022/23 tax year I was using Capital.com to trade stocks using Contract for Difference. The time each stock was held before selling varied but it was usually one week to 3 months. With each trade there is an overnight fee applied for as long as the trade is open. If I add up all the profitable trades and trades with losses together with the overnight fees, I made a profit during the tax year. Is this the correct way to calculate whether a profit or loss has been made? Is this profit considered income or capital gains? If it is considered as income, what would happen if I had made a loss at the end of the year. Thanks for your help.

Hi ChrisV,
That is the correct way to work out any profit/loss.
The way it is taxed depends on whether it is a trade or gambling.
Please see guidance here:
CG56105 - Futures: financial futures: financial spread betting
BIM22015 - Meaning of trade: exceptions and alternatives: betting and gambling - introduction
Thank you.