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Where Taxpayers and Advisers Meet

Gambling Tax

Joined:Wed Aug 06, 2008 3:40 pm

Postby Ranjitsc » Sat Jul 15, 2006 3:44 am

I do gambling as leisure, having accounts in Sportingindex, Cantorspreadfair, Spreadex, IGsoprts and BETFAIR and I have money thru this. Am I liable to pay any Taxes to the government, if yes, pls tell me uder which clause, also is there any clause thru which I may be excempted.



Joined:Wed Aug 06, 2008 3:23 pm

Postby deanshepherd » Sun Jul 16, 2006 8:45 am

Gambling income is not taxable.

Enjoy your winnings!!

MMI Accountancy

Peter D
Joined:Wed Aug 06, 2008 3:37 pm

Postby Peter D » Sun Jul 16, 2006 8:56 am

As long as you are an individual and there is no link to a syndicate of partner there is not tax on gambling. Regards Peter

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