Taxation On Australian Poker Winnings - Page 2 - Poker Legislation

https://www.ato.gov.au/rba/content/?...1372160223.htm

https://www.ato.gov.au/rba/content/?...tent/91541.htm

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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03-20-2017 , 08:47 PM

#27

frommagio

Pooh-Bah

Join Date: Jan 2005 Posts: 4,453

Quote:

Originally Posted by petesgotaces

Hello,

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

petesgotaces

Congrats - that's awesome!

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

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05-04-2017 , 11:41 PM

#28

BruceN

centurion

Join Date: Jan 2006 Posts: 127

Allin,

Both those rulings look like one's I facilitated as a tax agent. Ignore the second one, it was full of flaws and withdrawn on appeal.

Regards

Bruce N.

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05-04-2017 , 11:43 PM

#29

BruceN

centurion

Join Date: Jan 2006 Posts: 127

Sorry Allin, to clarify,

The successful ruling was the correct one, the negative response from the ATO was appealed and withdrawn.

Their argument had so many holes I was able to drive a truck through them.

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05-14-2017 , 05:25 AM

#30

Lou1e

stranger

Join Date: Aug 2014 Posts: 2

Quote:

Originally Posted by Tugmi

Come to NZ

You get taxed 33% on the $ here in NZ for any win and now that most sites will only withdraw to Bank account ya got to pay

Mates mrs won 30k on online pokies she withdrew to bank acc they had a spend up 12 months later knock at the door taxman
Govt put a hook on her bank acc for a hundy a week for 2 yrs

We just lucky that our Government aint taken Ozys stance and hopefully wont

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