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paying tax on gambling winnings

  • 06-12-2010 2:38am
    #1
    finno26
    Registered Users, Registered Users 2 Posts: 29 ✭


    hi,

    I am just wondering what is the situation in Ireland at the moment for someone who wants to make a living playing poker.

    Would they have to pay tax on money won? Would it also have any effect on their social welfare payments, or medical card or any other form of benefits they may be recieving from the state, assuming they are unemployed of course!


Comments

  • #2
    scheister
    Registered Users, Registered Users 2 Posts: 1,310 ✭✭✭scheister


    finno26 wrote: »
    hi,

    I am just wondering what is the situation in Ireland at the moment for someone who wants to make a living playing poker.

    Would they have to pay tax on money won? Would it also have any effect on their social welfare payments, or medical card or any other form of benefits they may be recieving from the state, assuming they are unemployed of course!

    have a look at this thread will answer some but not all of your questions


  • #3
    finno26
    Registered Users, Registered Users 2 Posts: 29 ✭finno26


    scheister wrote: »
    have a look at this thread will answer some but not all of your questions

    what thread.... cant see any link or attachment


  • #4
    scheister
    Registered Users, Registered Users 2 Posts: 1,310 ✭✭✭scheister


    finno26 wrote: »
    what thread.... cant see any link or attachment

    my mistake http://www.boards.ie/vbulletin/showthread.php?p=64430741


  • #5
    finno26
    Registered Users, Registered Users 2 Posts: 29 ✭finno26


    scheister wrote: »
    my mistake http://www.boards.ie/vbulletin/showthread.php?p=64430741

    thanks.. pretty much answered my questions :)


  • #6
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭barneystinson


    finno26 wrote: »
    thanks.. pretty much answered my questions :)

    Not all of your questions, I see you also asked about Social Welfare implications:
    Taken from http://www.welfare.ie/EN/Schemes/JobseekerSupports/JobseekersAllowance/Pages/ja.aspx#Rules2

    Rules

    To get Jobseeker's Allowance you must:
    The two I've made bold, are the two you could potentially have a problem with.

    If you are occupying your time in an activity with the expectation of a financial reward, then notwithstanding that it may not be a trade within the meaning of the tax acts, a social welfare deciding officer could take a different view in deciding whether or not you are available for and genuinely seeking work.

    Should you become successful and amass a substantial amount of money, this could affect your eligibility under the means test.


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  • #7
    finno26
    Registered Users, Registered Users 2 Posts: 29 ✭finno26


    barneystinson wrote: »
    Not all of your questions, I see you also asked about Social Welfare implications:
    Taken from http://www.welfare.ie/EN/Schemes/JobseekerSupports/JobseekersAllowance/Pages/ja.aspx#Rules2

    Rules

    To get Jobseeker's Allowance you must:
    The two I've made bold, are the two you could potentially have a problem with.

    If you are occupying your time in an activity with the expectation of a financial reward, then notwithstanding that it may not be a trade within the meaning of the tax acts, a social welfare deciding officer could take a different view in deciding whether or not you are available for and genuinely seeking work.

    Should you become successful and amass a substantial amount of money, this could affect your eligibility under the means test.

    cheers for that barney


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