Can a Bookie deduct Tax from a winning Pick 6

  • Leseding
  • Topic Author
  • New Member
  • New Member
  • Thanks: 0

Can a Bookie deduct Tax from a winning Pick 6

10 years 8 months ago
#511226
I recently won a Pick 6 which I had played with a Bookie.

They then deducted 6 % Tax.

On research some Punters said they can, others say they Can't.

What is the legal situation ?

Please Log in or Create an account to join the conversation.

4 RACING ROYAL ASCOT
  • Bob Brogan
  • Administrator
  • Administrator
  • Posts: 82524
  • Thanks: 6461

Re: Can a Bookie deduct Tax from a winning Pick 6

10 years 8 months ago
#511232
The legal situation is by law they have to
The following user(s) said Thank You: Leseding

Please Log in or Create an account to join the conversation.

  • Dave Scott
  • Administrator
  • Administrator
  • Posts: 43868
  • Thanks: 3339

Re: Can a Bookie deduct Tax from a winning Pick 6

10 years 8 months ago
#511234
Yes they have to pay the 6% whether they take from the punter or cover it themselves is the option.
The following user(s) said Thank You: Leseding

Please Log in or Create an account to join the conversation.

  • Over the Air
  • Platinum Member
  • Platinum Member
  • Posts: 2948
  • Thanks: 721

Re: Can a Bookie deduct Tax from a winning Pick 6

10 years 8 months ago
#511244
I play my bets at a well known bookmaker in the area I live in. They pay the tax on winning open bets so you receive the amount that the tote pays unless it is over their limits. These limits are quite big but obviously you run the risk of being capped if you catch the single ticket P6 OR SOMETHING SIMILAR

Please Log in or Create an account to join the conversation.

  • Leseding
  • Topic Author
  • New Member
  • New Member
  • Thanks: 0

Re: Can a Bookie deduct Tax from a winning Pick 6

10 years 8 months ago
#511254
Thanks.

A quick question. Why do some Bookies have a R 100,000 limit on their tickets, and others don't.

Please Log in or Create an account to join the conversation.

10 BET HORSE RACING
  • Over the Air
  • Platinum Member
  • Platinum Member
  • Posts: 2948
  • Thanks: 721

Re: Can a Bookie deduct Tax from a winning Pick 6

10 years 8 months ago
#511260
Leseding wrote: Thanks.

A quick question. Why do some Bookies have a R 100,000 limit on their tickets, and others don't.

Because they are different independant businesses, they can set their own limits

Please Log in or Create an account to join the conversation.

Time to create page: 0.100 seconds

Contact Details

Main Office (HQ)
PO Box 40390
Moreleta Park
Pretoria
0044
+27 (0) 82 785 4357
info@africanbettingclan.com

About A.B.C.

African Betting Clan is established for the upliftment of the sports punter, who enjoys a bet on horse racing, football and other sports, enabling them to voice their views and opinions on all aspects of the sport of their choice, free of charge.

Learn More

T's & C's

The views expressed on this website are not necessarily the views held by the proprietors of the site. Therefore African Betting Clan will not be responsible for any content posted. No persons under the age of 18 years are permitted to gamble. National Responsible Gambling Programme and its toll-free number (0800 006 008)