sportsbettor5
sportsbettor5
BMR Member
- Joined
- Jan 14, 2022
- Messages
- 539
My understanding (please correct me if I'm wrong) is that the UK does not tax proceeds from betting, period.
I have also heard that Australia might be in this boat.
Which nations allow the professional sports bettor to pay zero income tax on winnings?
On the other hand, nations like Canada and Ireland seem to be in a grey area in which the bettor could get hit with income tax if the relevant tax authority determines him to be a professional.
On the opposite extreme is the US, of course. US citizen bettors can't even escape their tax requirement by leaving the country.
I have also heard that Australia might be in this boat.
Which nations allow the professional sports bettor to pay zero income tax on winnings?
On the other hand, nations like Canada and Ireland seem to be in a grey area in which the bettor could get hit with income tax if the relevant tax authority determines him to be a professional.
On the opposite extreme is the US, of course. US citizen bettors can't even escape their tax requirement by leaving the country.