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Taxman and gambling winnings

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27th August 2002, 12:57 PM

BillBorric BillBorric is offline

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Join Date: Jan 1970

Posts: 11

Hi all,

I thought all gambling winnings were tax exempt here in Australia (especially after the Oct 2000 clarification). However, talking with an accountant today he informs me that if I make most of my income from this gambling then I would be taxed.

Anyone have any experience or comments.

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Bill Borric

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