Hi
I have just been made redundnat from my job and am deciding what to do.
For the last 4 years , I have mad in excess of 25,000 a year from betting. I see bookmakers as another form of stockmarket but thats another story.
I am now seriousley considering taking a year out to spend with family and also to travel a bit.
I will still continue my betting hobby , but the question I have , Will I be Liable to tax on my betting income , if it is my sole income?
John