Here is a question for our members from Spain.
We know that Spanish bettors are obliged to declare their betting winnings as taxable income. But what if someone has large profits from on line betting and at the same times large losses from betting in the shops?
Will losses be deducted from profits if losing slips are presented to the taxman?
Thank you very much.
We know that Spanish bettors are obliged to declare their betting winnings as taxable income. But what if someone has large profits from on line betting and at the same times large losses from betting in the shops?
Will losses be deducted from profits if losing slips are presented to the taxman?
Thank you very much.