Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

What can I claim back as expenses?

  • 11-04-2012 11:30pm
    #1
    fasttalkerchat
    Registered Users, Registered Users 2 Posts: 5,652 ✭✭✭


    Hypothetical question.

    If I was a professional gambler could I claim back money spent gambling against tax? What If i registered a business and claimed spendings as business expenses?


Comments

  • #2
    nompere
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭nompere


    fasttalkerchat wrote: »
    Hypothetical question.

    If I was a professional gambler could I claim back money spent gambling against tax? What If i registered a business and claimed spendings as business expenses?

    It was established in case law in 1925 that gambling winnings are not income. Hence losses are not allowable.

    UK Revenue have gone into print on this. I'm not aware that Irish Revenue have, but in areas where the underlying law is either similar or identical they are unlikely to take a different view.

    It's all here.

    http://www.hmrc.gov.uk/manuals/bimmanual/bim22015.htm


  • #3
    fasttalkerchat
    Registered Users, Registered Users 2 Posts: 5,652 ✭✭✭fasttalkerchat


    thanks for that. i thought i was on to something there!


Advertisement