think you’re wrong on that one. Looks like you’re liable for where the other country is. Any Gambling winnings cannot be taxed in the UK. That includes crypto
I guess if its come straight from HMRC, then that must be the case and ive been misinformed! I shall certainly bookmark that forum page on the off-chance i get a huge win! 😃
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14th January 2025 at 10:11 pm
in reply to: Taxes#146291
If TG casino was licensed by the ukgc as stated by the gambler who asked the question,then he wouldn’t have to pay tax. Unfortunately it isnt licensed, so he misinformed the hmrc admin who replied to him.
<p>I can confirm, it is in, and looks like they dropped the wagering requirements. It’s just straight BCD. First bonus buy on the new Phoenix Duel Reels and I hit a 1500x. 😀</p><p>Thanks for sorting out. Had us all worried.</p>
There is definitely a 5x wager requirement (on my account anyway) it will state requirements if you click on your profile, then rollover, and click in the bonus.
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7th January 2025 at 11:41 am
in reply to: Taxes#146121
Yes they are liable for tax.It makes no difference how you increase your crypto value, either through gambling or just an increase in coin price.
If the crypto casinos were regulated and paid uk tax, then you probably wouldnt have to, but they dont.
Unless i had a very large win,i wouldn’t bother sending it back to the exchange and withdrawing it. I just keep mine in a defi wallet and buy giftcards for everyday expenses.
As long as it was your sisters card that made the deposit and shes verified, shouldn’t be a problem.
If you have used your own card, then the best outcome you can hope for is a refund of the initial deposit and then account closure.
