Hi guys,

In UK, playing poker is not taxed because it is considered a leisure activity and not a job, so under the same logic would this apply to staking as well?

How does the legislation in the UK work for staking other players and taking cuts?

Thanks

Bumping this because it's been a while unanswered and I would love to know if puyan or anyone else made any progress/knows about this? If I run a stable from the UK am I liable for tax or is this still untaxable gambling income?

0 tax , unless you have a company registered and you have to declare the objective of business.

Disagree.

If you are providing finance, coaching, advice etc. then those activities are likely to be seen as 'organising effort' and therefore liable to tax - it doesn't make a difference if you are providing the service as a sole trader, partnership or limited company.

Have a read of the HMRC Business Income Manual
and compare and contrast the sections on the professional gambler and organised activity. I think you'd have a hard time convincing the taxman that formal staking wasn't liable as an exercise that gets its income from gambling activities rather than gambling itself.

Now if you state that you and the horse are just mates having a joint punt for fun you're probably fine; multiple horses, contracts, makeup - not so much.

HTH. IANATL.