Game of Skill in Pennsylvania

[Laxie]

Are the tides turning?

http://www.pokernewsdaily.com/pennsy...-of-skill-941/

[Pyso]

This is bad news. If this trickles through the whole of the USA and they eventually change their stance on poker, then inevitably the UK will follow, as we copy everything the yanks do like clueless lemmings.

For me, a big attraction of poker is it's status in the UK as 'gambling' (even if we all know it is wrong), meaning I don't pay any tax on my winnings. Were that to change I think the game would lose a big part of it's charm for me.

Having said that, I don't think it will happen any time soon.

[Longy]

This is bad news. If this trickles through the whole of the USA and they eventually change their stance on poker, then inevitably the UK will follow, as we copy everything the yanks do like clueless lemmings.

For me, a big attraction of poker is it's status in the UK as 'gambling' (even if we all know it is wrong), meaning I don't pay any tax on my winnings. Were that to change I think the game would lose a big part of it's charm for me.

Having said that, I don't think it will happen any time soon.

I agree apart from the fact that it would lose its charm, it is the fact that winnings would be taxable.

[lucky_scrote]

This is bad news. If this trickles through the whole of the USA and they eventually change their stance on poker, then inevitably the UK will follow, as we copy everything the yanks do like clueless lemmings.

For me, a big attraction of poker is it's status in the UK as 'gambling' (even if we all know it is wrong), meaning I don't pay any tax on my winnings. Were that to change I think the game would lose a big part of it's charm for me.

Having said that, I don't think it will happen any time soon.

I spoke to a tax expert a few months ago. His expertice was taxing in gambling. He told me that poker is taxable in the uk if you are making a living from it but it is a very grey area at the moment. I wasn't even too sure if I should believe him, maybe I just don't want to believe him.

[bobAlike]

This is bad news. If this trickles through the whole of the USA and they eventually change their stance on poker, then inevitably the UK will follow, as we copy everything the yanks do like clueless lemmings.

For me, a big attraction of poker is it's status in the UK as 'gambling' (even if we all know it is wrong), meaning I don't pay any tax on my winnings. Were that to change I think the game would lose a big part of it's charm for me.

Having said that, I don't think it will happen any time soon.

I spoke to a tax expert a few months ago. His expertice was taxing in gambling. He told me that poker is taxable in the uk if you are making a living from it but it is a very grey area at the moment. I wasn't even too sure if I should believe him, maybe I just don't want to believe him.

Is it taxable if you stake other people to play?

[Rozza1]

Surely if it's taxable then you would be able to claim tax back on things such as Lap tops, accomodation, crates of Red Bull etc?

[lazaroonie]

Surely if it's taxable then you would be able to claim tax back on things such as Lap tops, accomodation, crates of Red Bull etc?

the taxmans favourite phrase is 'wholly, exclusively, and necessarily', so any expenses incurred in this way can be offset against profits - so buy ins, travel and accomodation, etc would fit the bill.

[snoopy1239]

Surely if it's taxable then you would be able to claim tax back on things such as Lap tops, accomodation, crates of Red Bull etc?

the taxmans favourite phrase is 'wholly, exclusively, and necessarily', so any expenses incurred in this way can be offset against profits - so buy ins, travel and accomodation, etc would fit the bill.

That's weird, that's my favourtie phrase too!