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Old 09-30-2006, 02:20 PM
ChrisV ChrisV is offline
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Join Date: Jul 2004
Location: Adelaide, Australia
Posts: 5,104
Default Re: Australian Taxes?

I live in Australia. Gambling income is not taxable unless you are playing "as a business", which has a loose definition. There has only been one successful prosecution in the history of Australian gambling tax law. That was a guy making half a mill per year off horses. He had offices, employed people to do legwork for him, and kept records. That all added up to a business. If you have another job, there's no chance you will be prosecuted, so don't worry about it.
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