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Old 15th March 2003, 10:33 AM
becareful becareful is offline
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Join Date: Jan 1970
Location: Canberra
Posts: 730
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Bhagwan,

I don't think that would be correct - you can only claim deductions for expenses YOU have paid - therefore the tax paid by TAB would not be a deduction. Of course you could claim for losses and all other expenses (form guides, internet access, race course admissions, travel expenses, etc). Of course there is not much danger of any TAB punters being declared professionals - the mere fact they use the TAB would be evidence they are not professional :grin:
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