Seagull wrote:TEX07 wrote:On player payments, i have never been paid to play nor been worthy of any payments, but if a club pays players do they have to declare this payment? how many players would then declare thier payment as income? or do they even need to? I used to work a second job on the weekends and had to pay $0.30 in the dollar i think it was or there abouts, this surely would not be any different for a footballer? If they do have to claim and pay tax, are they then able to claim expenses ie boots, rego, travel??
I think if they declare it by a "hobby form' they can earn up to $3K before it's tax deductable and can then claim boots but not travel or rego expenses.
It's cash in hand, no need to claim it. I thought it was only declared a second income if it goes striaght into ur bank account?