Winning Bets and the Income Tax, Daily Racing Form, 1920-01-19

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WINNING BETS AND THE INCOME TAX A decision as to whether money wea by betting on race horses should be included as part of a per -soea taxable income was recently arrived at in Australia. Mr. B. Allen, a solicitor, atadataster and a well-known member of the committee of the Australian Jockey Club, appealed against the -inclusion by the state income tax commissioners of a sum of £680 won by him by betting on horse racing in 1917 in the income derived by the appellant fr mi his business ;is afadataster. In announcing his reserved judgment, the judge ruled that if appellant had carried on betting as a business his winnings would have been subject to taxation. DO I aa he had only made bets casually like an ordinary mi -nibei of the public, his winnings were not taxable.


Persistent Link: https://drf.uky.edu/catalog/1920s/drf1920011901/drf1920011901_2_6
Local Identifier: drf1920011901_2_6
Library of Congress Record: https://lccn.loc.gov/unk82075800