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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

21-08-2008 02:57PM

#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

Comments

#2 21-08-2008 03:20PM

ArmaniJeanss

Registered Users, Registered Users 2 Posts: 13,762 ✭✭✭✭

Join Date: October 2005

Posts: 13531

No tax on gambling winnings.

No write-off of losses.

0
#3 21-08-2008 03:45PM

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:)

0