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Poker Legislation & PPA Discussion hosted by Rich Muny Discussions of various poker-related laws and steps players can take to push for better laws.

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Old 03-19-2017, 02:04 PM   #26
Join Date: Mar 2017
Posts: 1
Re: Taxation On Australian Poker Winnings

I have been doing some research to determine if it is possible that my poker playing in australia is taxable. I came across the above two private rulings made in regards to poker players with fundamentally the same set of facts (online player, not employed uses tracking software etc..) however the outcome was the opposite. In the first case the ATO ruled that the player had to pay tax whilst in the second the player did not. Can anyone elaborate on the possible reasons for these seemingly contradictory rulings?
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Old 03-20-2017, 08:47 PM   #27
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Join Date: Jan 2005
Posts: 4,062
Re: Taxation On Australian Poker Winnings

Originally Posted by petesgotaces View Post

I have done some research as i won the Sunday Million recently.

Any profits in Australia will not be taxed unless that is your only form of income. Gambling profits are also EXEMPT from Capital Gains Tax in Australia

Congrats - that's awesome!

Well, taxfree is also awesome - but winning the Sunday Million is super-awesome.
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