BETTING SENSATION.
NO- TAX PAYABLE ON BETS ON “TOTE.” COURT OF APPEAL’S DECISION. United Press Assn, by £l. Tol. Copyright lAustraliaD Press Assn.) (Received Oct. 31, 7.15 pan.) LONDON, Oct. 31. A sensation has been caused in sporting circles by the decision of the majority of the Court of Appeal to the effect that no betting tax is payable on bets made with the Holborn Stadium Club’s- totalisator or pari-mutuel system.. The Finance Act of 1926 specified bets with bookmakers.
Betting experts comment that the Government js unable to run a totalisator on the course with 10 per cent, commission when people can bet similarly within the club lor nothing.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19281101.2.41
Bibliographic details
Gisborne Times, Volume LXVIII, Issue 10732, 1 November 1928, Page 5
Word Count
110BETTING SENSATION. Gisborne Times, Volume LXVIII, Issue 10732, 1 November 1928, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in