General Betting

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06 Nov 09 13:40
Date Joined: 13 Mar 06
| Topic/replies: 8 | Blogger: disturbed's blog

Betfair offers two different wallets to his customers.

The UK one and the Australian one.

Regarding the latter, could it be considered by the Australian government that the money earned on this wallet is taxable?

Thx for any help.
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Report disturbed November 6, 2009 2:55 PM GMT
And of course, I mean you are not living in Australia.
Report buzzer November 6, 2009 2:56 PM GMT
I'm ok i'm down on my aus wallet, i blame the lack of liquidity ;)
Report Alex the old wrinkled retainer November 6, 2009 3:07 PM GMT
I very much doubt it. But despite being only almost sure that I have no liability I am not losing sleep about the Australian Taxation Office trying to extradite me for unpaid Taxes.
Report disturbed November 6, 2009 4:08 PM GMT
Thx. Any other thoughts?
Report Hopeless bettor November 6, 2009 4:17 PM GMT
Betfair would surely tell you about this if you had to pay taxes ?
Report Thebas November 7, 2009 12:52 AM GMT
australian govt does not consider monies won 'gambling' as part of your taxable income
Report wonby10 November 7, 2009 1:04 AM GMT
Australian tax issues for non Australian residents have been outsourced to an agency in Nigeria. Leave your name, email address and phone number on this thread. You will be contacted within 48 hours. When you are contacted please have available your Passport, Drivers Licsence and at least 2 credit cards (This is necessary for proof of identity and the 100 point ID check). The caller will then confirm your address and the relative information will be sent you.

General Con Emall

Please note anyone actually doing this should visit their doctor to have their head tested.
Report lippy November 7, 2009 1:30 AM GMT
Dont know if Aus is same as NZ

If it is you should be safe.
However there was a test case about twenty years ago when someone had to pay tax.

I think they more interested in catching up with the ebay brigade. The pro gamblers are a very small group and difficult to pin down
Report bombaclart November 8, 2009 12:23 AM GMT
it's a ten stretch if you are caught gambling north of narabeen disturbed.

tread carefully
Report bombaclart November 8, 2009 12:24 AM GMT
how difficult Lippy?

what's the gradient?
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