New Posts For Thread: Would it be wrong to arb bets to pass money to an offspring avoiding tax?https://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-taxim not talking huge sums just a couple of grand a month.back in say c0rals in my name and lay in sons on betfair.Is it wrong?If all gambling is tax free, why don't you and your son just toss a coin for the money you want to pass over - doubling up until he wins...??https://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656526#430656526If all gambling is tax free, why don't you and your son just toss a coin for the money you want to pass over - doubling up until he wins...??Tue, 20 Apr 2010 14:33:43 -0500a few years ago I wanted to lose some money to a pal, the reason will remain In the sun today there is a case of inisder trading were a man, run a price up for something he was selling. on abayhttps://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656522#430656522a few years ago I wanted to lose some money to a pal, the reason will remain In the sun today there is a case of inisder trading were a man, run a price up for something he was selling. on abayTue, 20 Apr 2010 14:19:55 -0500Dont forget the 20% premium chargehttps://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656518#430656518Dont forget the 20% premium chargeTue, 20 Apr 2010 14:18:51 -0500what happens when u win at the bookies?https://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656514#430656514what happens when u win at the bookies?Tue, 20 Apr 2010 14:14:18 -0500problem would be if you won if your name in corals, you would increase your estate for iht purposes, whilst the gifts made to your son to fund his laying would only be potentially exempt so if you were to die within 7 years, they could trigger IHT lihttps://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656510#430656510problem would be if you won if your name in corals, you would increase your estate for iht purposes, whilst the gifts made to your son to fund his laying would only be potentially exempt so if you were to die within 7 years, they could trigger IHT liTue, 20 Apr 2010 14:09:27 -0500luke that is confusing, can you explain more?https://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656506#430656506luke that is confusing, can you explain more?Tue, 20 Apr 2010 14:06:41 -0500if you read the ebay cases in the sun today you will see that trading to others in the same family may be a little dodgy but training two your own second account may be prison.https://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656502#430656502if you read the ebay cases in the sun today you will see that trading to others in the same family may be a little dodgy but training two your own second account may be prison.Tue, 20 Apr 2010 14:04:18 -0500true but you have provided a good point that ill need to look at.https://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656498#430656498true but you have provided a good point that ill need to look at.Tue, 20 Apr 2010 14:04:15 -0500Im no lawyer!https://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656494#430656494Im no lawyer!Tue, 20 Apr 2010 14:03:07 -0500ok so i can gift him 3k a year so if he puts that in then its ok?https://community.betfair.com/horse_racing/go/thread/view/94102/23889010/would-it-be-wrong-to-arb-bets-to-pass-money-to-an-offspring-avoiding-tax?post_id=430656490#430656490ok so i can gift him 3k a year so if he puts that in then its ok?Tue, 20 Apr 2010 14:02:43 -0500