New Posts For Thread: Australian Taxation officehttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-officeHas anyone recieved a letter from the above regarding the Australian Transaction and reports Anaylsis centre. They have outlined all my returns from Betfair and overseas Poker sites in the last 2 years stating they are going to amend my tax return duthe way I am travelling it is about time it was taxablehttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528690443#528690443the way I am travelling it is about time it was taxableSat, 02 Feb 2013 06:00:37 -0600Thanks everyone I spoke to the ATO on Friday and the only thing I have to supply is a statement of withdrawals from Betfair which Betfair have already supplied me. The bloke at the ATO said as long as your punting is not considered a business it is nhttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528690311#528690311Thanks everyone I spoke to the ATO on Friday and the only thing I have to supply is a statement of withdrawals from Betfair which Betfair have already supplied me. The bloke at the ATO said as long as your punting is not considered a business it is nSat, 02 Feb 2013 05:53:19 -0600And as such they can Addendum the Creed"Nothing is certain except Death&Taxes" with the exception of money won on the punt!https://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528661675#528661675And as such they can Addendum the Creed"Nothing is certain except Death&Taxes" with the exception of money won on the punt!Fri, 01 Feb 2013 05:22:33 -0600Cheers, Elsu.https://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528661559#528661559Cheers, Elsu.Fri, 01 Feb 2013 05:16:20 -0600well done CASTIRONhttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528661383#528661383well done CASTIRONFri, 01 Feb 2013 05:04:27 -0600I was audited by the ATO in 1996. after retiring as a bookie in 1994.Through my accountant, I produced all my punting records, and after a three month wait, I was given the all clear. My accountant, who was a former tax investigator, kept reassuringhttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528660347#528660347I was audited by the ATO in 1996. after retiring as a bookie in 1994.Through my accountant, I produced all my punting records, and after a three month wait, I was given the all clear. My accountant, who was a former tax investigator, kept reassuringFri, 01 Feb 2013 03:54:02 -0600elsu, u of all people could answer that better than most..........the only case i have ever come across was the ATO tried to shove a "betterment tax" on a person over a 3-4 year period, and i kid you not, he beat them by proving he was a addictive gahttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528658917#528658917elsu, u of all people could answer that better than most..........the only case i have ever come across was the ATO tried to shove a "betterment tax" on a person over a 3-4 year period, and i kid you not, he beat them by proving he was a addictive gaFri, 01 Feb 2013 01:12:49 -0600loggy what if you havent and live off the PUNThttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528658799#528658799loggy what if you havent and live off the PUNTFri, 01 Feb 2013 00:57:41 -0600if u have a full time job away from the gambling industry, u have got no worries what so ever........FACThttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528658757#528658757if u have a full time job away from the gambling industry, u have got no worries what so ever........FACTFri, 01 Feb 2013 00:52:30 -0600mrbojangles, that statement is made a lot but in practice it doesnt or won't happen. they are not going to allow or assess anyone to be conducting a punting business unless they are regularly making a profit. Try to claim a loss & see how quickly thehttps://community.betfair.com/australian/go/thread/view/93998/29751333/australian-taxation-office?post_id=528658223#528658223mrbojangles, that statement is made a lot but in practice it doesnt or won't happen. they are not going to allow or assess anyone to be conducting a punting business unless they are regularly making a profit. Try to claim a loss & see how quickly theThu, 31 Jan 2013 23:56:14 -0600