Stock investments and gambling

IC_Accounts

Would anyone tell me how to account for Stocks investments and money receive from gambling?
I have a client who is self-employed and he invested some money in various stocks and companies. He also receive some back but apparently he will get the most during 2019/2020 year. How shall I treat these for tax purposes? Both the money invested and the money returned.
Thank you very much.

Regards,
Carmen

Neillaw

The money from gambling should be treated as tax free as this comes under the gambling act and the tax is paid by the betting company.
Share dealings should be added to his self-assessment but only the profit element together with any dividends received.

IC_Accounts

Thank you very much indeed.

anneblack33

Now the most effective investment in gambling is the opening of your own gambling platform. The company can help you with this question is NuxGame.
NuxGame is a B2B software provider that offers solutions for sports betting and online gaming business using lightning fast technologies.
Just go to the website https://nuxgame.com and contact the support.

BrNorton007

Thanks a lot for the explanation.

Jan_Pawl

anneblack33 said:

Now the most effective investment in gambling is the opening of your own gambling platform. The company can help you with this question is NuxGame.
NuxGame is a B2B software provider that offers solutions for sports betting and online gaming business using lightning fast technologies.
Just go to the website https://nuxgame.com and contact the support.

So, the company helps you with opening your own platform? Does it also handles the taxes and possible legal issues?

BrNorton007

Thanks for the information.