Get UK Law Questions Answered by Verified Experts
Gambling tax was abolished in 2001 which means that there is no tax to pay on winnings by the same token, that makes the losses nondeductible. Sorry.
Does that answer the question?
Can I answer any specific points arising from this?
Please do not forget to use the rating service to rate my answer positively. If you don’t rate it positively, then I don’t get paid.
You may get the impression that the thread closes after rating, but it does not, it remains open and we can still exchange emails if anything needs clarification.