Peter Donovan Tax Quotations

As a result of this finding, the poker winnings were classified as income derived from a hobby, and thus not subject to Australian tax. The distinction between the conduct of a business and the mere pursuit of a hobby is often a difficult distinction to draw. However, the fact that you excel at a particular hobby should not be fatal for tax purposes.

The distinction between the conduct of a business and the mere pursuit of a hobby is often a difficult distinction. However, the fact that you excel at a particular hobby should not be fatal for tax purposes.