Legion,

Based on the judges comments in that tax ruling I would say you are pretty safe as long as you dont derive your whole income from gambling or other gambling related items. So as long as you work part-time in a job, run your own non-racing business or earn a decent investment income (shares, property, etc) it would be very doubtful that tax office would have any case against you. Most likely situation that would get you in trouble is if you went from earning a normal income one year and the next year declare no income at all on the tax return - that is almost guaranteed to get you an audit! So just work part-time until you have sufficient money in investments to get by on and then sit back and enjoy life!

Of course if you are a professional punter and are worried about the tax problem you could always just move to a nice pacific island and bet via the internet then you can tell the tax department to go *#@% itself! :grin:

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"Computers can do that????" - Homer Simpson