As someone who makes a living on betfair i can tell you it is a very grey area. I pay no tax on my gambling winnings although i make money week in week out . I believe that if your buisness is gambling then you can be taxed but dont know of anyone who actually does.
If they start taxing winnings then you would be able to claim losses art the tab etc as tax deductable , so i guess they wouldnt want to open that can of worms
- Forums
- ASX - General
- professional gambling
professional gambling, page-3
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online