Peter Donovan
Peter Donovan
australian business classified conduct derived difficult excel fact fatal hobby income mere particular poker pursuit result subject tax thus
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.