Gambling Tax

[carltonblue]

If you have a betting account through IAS Betstar Sportsbet eg can your profit be taxed and how much?

 

[sethlad]

not unless you are a professional...even then its unlikely with the right advice

seth

 

[Daytripper]

not unless you are a professional...even then its unlikely with the right advice

seth

lol - I can't think of any professional punter that pays taxes on his actual income.

 

[johnnyhoward]

If gambling could be taxed, then losers would be able to make claims on their losses. Even if you're a professional you shouldn't be taxed.