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Are winnings taken as income when claiming?
Comments
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Right...so the "claimant" has tax free betting wins, which are not income. No issue there...The gambling is done in the claimants name so the entire winnings are the claimants
That isn't a "gift", that's paying someone for a service. The "mate" has received money for carrying out a service. Whether it's gambling, mowing the grass, or cutting his hair, it's irrelavant. Plus if the "mate" uses the "claimant's" logon details to place the bet, that is arguably fraud.and the claimant is gifting some money back to the mate for finding the bonuses and actually placing the bet
Providing a service in return for money is not a "gift". Otherwise hairdressers, gardeners, window cleaners etc would provide their services for "gifts" rather than income.so instead of being income it's winnings and there is a gift to the mate. We can't allow gambling winnings as income as gambling expenses could be considered a tax deduction and the UK government will never allow that.0 -
As I posted earlier, the money shows up as transfers from my friend's account...0
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Fraud? The mate placing the bet places the bet with the knowledge of the claimant. Who has been defrauded?Right...so the "claimant" has tax free betting wins, which are not income. No issue there... That isn't a "gift", that's paying someone for a service. The "mate" has received money for carrying out a service. Whether it's gambling, mowing the grass, or cutting his hair, it's irrelavant. Plus if the "mate" uses the "claimant's" logon details to place the bet, that is arguably fraud.Providing a service in return for money is not a "gift". Otherwise hairdressers, gardeners, window cleaners etc would provide their services for "gifts" rather than income.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Does the exact amount then end up in a bookie? Then lost? Just a simple explanation to whoever pays your benefits should be enough.As I posted earlier, the money shows up as transfers from my friend's account...:footie: Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
He shares some winnings with me from online betting now and again, small amounts such as £100, it goes in my account and I spend it.
What have I started here..? :-o0 -
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A debate...Does he give it to you out the goodness of his heart or in return for something? If he did not give you the money can the amount he gives you be recovered from him in a court if he did not pay it to you for whatever reason?He shares some winnings with me from online betting now and again, small amounts such as £100, it goes in my account and I spend it.
What have I started here..? :-o:footie: Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
The bookie, arguably. If the "mate" is using someone else's identity because he couldn't place the bet in his own name for whatever reason, eg he's already used his own bonus or he's been gubbed, then using someone's else's identity to do the same is arguably fraud.Fraud? The mate placing the bet places the bet with the knowledge of the claimant. Who has been defrauded?
In any case, the "mate" is at the very least getting an income for services.0 -
He shares some winnings with me from online betting now and again, small amounts such as £100, it goes in my account and I spend it.
What have I started here..? :-o
Ignore the side conversation, the reason you have not received a definitive answer is because we only appear to have half the story. Is "he" your partner or just a friend? For what reason does he give you the money?The bookie, arguably. If the "mate" is using someone else's identity because he couldn't place the bet in his own name for whatever reason, eg he's already used his own bonus or he's been gubbed, then using someone's else's identity to do the same is arguably fraud.
In any case, the "mate" is at the very least getting an income for services.
You're making this up as you go along!0
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