|
|
#1
09-30-2006, 12:51 PM
|
|||
|
|||
Australian Taxes?
hi, i live in australia and poker is my main source of income, I am also working casually for my dad - I dont ask him for work, if someone working for him cannot do the shift, or he wants to take the day off then i will fill in...in August i worked about 40hrs max for my dad and the rest of my time was spent on poker. I got taxed on the work i did for my dad but not for poker, i was wandering if anyone knows whether i would have to pay tax or not for the money i make off poker?
|
|
#2
09-30-2006, 02:20 PM
|
|||
|
|||
|
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.
|
|
#5
06-20-2007, 07:48 AM
|
|||
|
|||
|
Re: Australian Taxes?
[ QUOTE ]
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. [/ QUOTE ] What if you don't have another job? I am currently living outside of australia living off poker and am wondering if I can just transfer money from a third party online account (not specifically associtated to poker) to my aussie account and if this can be considered taxable money...
|
|
#6
06-22-2007, 01:24 AM
|
|||
|
|||
|
Re: Australian Taxes?
[ QUOTE ]
[ QUOTE ] 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. [/ QUOTE ] What if you don't have another job? I am currently living outside of australia living off poker and am wondering if I can just transfer money from a third party online account (not specifically associtated to poker) to my aussie account and if this can be considered taxable money... [/ QUOTE ] Are gambling winnings taxable in the country you live at? If they're not, see if you can file a tax return there and declare the gambling winnings (but not actually pay tax on them). Then if the ATO ask any questions about the bank transfers you can show the money was not 'laundered' but earned overseas and already subjected to the tax laws there.
|
|
#7
06-22-2007, 06:46 AM
|
|||
|
|||
|
Post deleted by Mat Sklansky
|
|
#8
06-24-2007, 11:42 AM
|
|||
|
|||
|
Re: Australian Taxes?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] 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. [/ QUOTE ] What if you don't have another job? I am currently living outside of australia living off poker and am wondering if I can just transfer money from a third party online account (not specifically associtated to poker) to my aussie account and if this can be considered taxable money... [/ QUOTE ] Are gambling winnings taxable in the country you live at? If they're not, see if you can file a tax return there and declare the gambling winnings (but not actually pay tax on them). Then if the ATO ask any questions about the bank transfers you can show the money was not 'laundered' but earned overseas and already subjected to the tax laws there. [/ QUOTE ] I'm living in thailand - and in thailand gambling is a crime punishable by life imprisonment. So I can't declare it there.
|
|
#9
06-24-2007, 08:56 PM
|
|||
|
|||
|
Re: Australian Taxes?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] 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. [/ QUOTE ] What if you don't have another job? I am currently living outside of australia living off poker and am wondering if I can just transfer money from a third party online account (not specifically associtated to poker) to my aussie account and if this can be considered taxable money... [/ QUOTE ] Are gambling winnings taxable in the country you live at? If they're not, see if you can file a tax return there and declare the gambling winnings (but not actually pay tax on them). Then if the ATO ask any questions about the bank transfers you can show the money was not 'laundered' but earned overseas and already subjected to the tax laws there. [/ QUOTE ] I'm living in thailand - and in thailand gambling is a crime punishable by life imprisonment. So I can't declare it there. [/ QUOTE ] Haha. Sounds like the games there are quite -EV!
|
 |
|
|
Linear Mode
