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Online gambling tax

Annon · 2008-08-21 14:57:13

Alright, This is propbably a much repeated or even worse, really stupid question. When you use a website like Bet365 is there any government tax when you get your winnings transferred to a bank account? Also, can you write off your losses in your tax returns?:) Thanks

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21-08-2008 3:57pm

#1

Annon

Closed Accounts Posts: 5 ✭

Join Date: February 2006

Posts: 3

Alright,

This is propbably a much repeated or even worse, really stupid question. When you use a website like Bet365 is there any government tax when you get your winnings transferred to a bank account?

Also, can you write off your losses in your tax returns?:)

Thanks

0

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#2 21-08-2008 4:20pm
ArmaniJeanss

Registered Users Posts: 13,327 ✭✭✭✭

Join Date: October 2005

Posts: 13099

No tax on gambling winnings.

No write-off of losses.

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#3 21-08-2008 4:45pm
Annon

Closed Accounts Posts: 5 ✭

Join Date: February 2006

Posts: 3

ArmaniJeanss wrote: »

No tax on gambling winnings.

No write-off of losses.

Thanks for your succinct response:)

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