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Stuart J
Stuart J, Solicitor
Category: UK Law
Satisfied Customers: 22624
Experience:  PGD Law. 20 years legal profession, 6 as partner in High Street practice
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Are gambling loses tax deductable in the UK, UK, No action

Customer Question

Are gambling loses tax deductable in the UK
JA: Are you in the UK or are you in the States?
Customer: UK
JA: What action has been taken so far? What's your ideal outcome?
Customer: No action yet
JA: Anything else you want the lawyer to know before I connect you?
Customer: 1 i think the online casino didnt do any checks on me coerrectly and let me gamble £90K with no checks or requests from me or stop of play until these checks were done. i have lost alost evrything i have
Submitted: 1 year ago.
Category: UK Law
Expert:  Stuart J replied 1 year ago.

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?

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Kind regards.