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Tax Free Winnings
ximeng
Posts: 1 Newbie
Hi, I am trying to find out if online poker winnings are still untaxable in the UK, and if there are any upper limits to what I can transfer from my poker site into my UK bank without it being taxed. I am a British citizen and poker is not my job, I just got lucky.
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Comments
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Winnings are not taxable. Appearance and sponsorship fees are taxable.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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