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Staking someone to bet on your behalf

thewiseowl12 · 2013-05-20 22:18:18

I'd be grateful for any comment on the following: It was stated on an old thread that "staking someone" in poker is tax free - is this correct? That is to say that if you were to earn money by bankrolling a person betting on your behalf, there is no tax liability on the winnings? Thanks

20-05-2013 10:18pm

#1

thewiseowl12

Registered Users, Registered Users 2 Posts: 171 ✭✭

Join Date: February 2008

Posts: 101

I'd be grateful for any comment on the following:

It was stated on an old thread that "staking someone" in poker is tax free - is this correct? That is to say that if you were to earn money by bankrolling a person betting on your behalf, there is no tax liability on the winnings?

Thanks

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