tilt.trader Posted June 11, 2010 Share Posted June 11, 2010 Hello, I have a question regarding Betfair and Gambling Income Taxes. I understand that there are countries like UK that do not tax (government income tax) on profits from wagering. There are other countries that do tax. My question is: does Betfair send the P&L history of a particular account to the Tax Govenment Organization of the country where the player is located? Thanks Quote Link to comment Share on other sites More sharing options...
Gingertipster Posted June 11, 2010 Share Posted June 11, 2010 Re: Betfair and Income Taxes on Gambling TT, Don't take it as 100% certain. But I would think your bet is technically in Britain, as that is where Betfair come from. So being a British bet, there is no tax. Though I believe certain countries frown on use of Betfair, such as USA. May be the best place to ask your question is the betfair forum, or have a look at their rules. Am sure there must be something there to help. :ok Quote Link to comment Share on other sites More sharing options...
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