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May 15, 2004
Gambling Debts
An interesting little piece in the Telegraph One of the companies that runs casinos in London is having a little trouble collecting from those who lose while gambling on credit. Throws up two oddities about English law on such things. First, you don't pay tax on your winnings ( if there are any of course ) and second, gambling debts cannot be litigated. Yup, as far as the law is concerned the casino can just whistle for its money.
May 15, 2004 in Taxes | Permalink
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Comments
I would fear for my kneecaps though.
Posted by: Dave | May 15, 2004 10:44:12 PM
Just a question.
Are we saying here that, if you have a gambling debt even with a reputable firm (ie Hills or on line sporting odds) they cannot legally do anything if you do not pay up?
Posted by: Mezz | Feb 3, 2006 8:18:37 PM
