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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
allin135
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Re: Taxation On Australian Poker Winnings

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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Old 03-20-2017, 08:47 PM   #27
frommagio
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Posts: 4,305
Re: Taxation On Australian Poker Winnings

Quote:
Originally Posted by petesgotaces View Post
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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Old 05-04-2017, 11:41 PM   #28
BruceN
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Re: Taxation On Australian Poker Winnings

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 Ignore the second one, it was full of flaws and withdrawn on appeal.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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Old 05-04-2017, 11:43 PM   #29
BruceN
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Re: Taxation On Australian Poker Winnings

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The successful ruling was the correct one, the negative response from the ATO was appealed and withdrawn.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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Old 05-14-2017, 05:25 AM   #30
Lou1e
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Re: Taxation On Poker Winnings

Quote:
Originally Posted by Tugmi View Post
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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