I4.149 Gambling debts

I4.149 Gambling debts

In England, Wales and Scotland gambling debts that relate to lawful gambling, incurred on or after 1 September 2007, are deductible because they can be legally enforced1.

Any gambling debts incurred before 1 September 2007 cannot be legally enforced and thus cannot be deducted for IHT purposes.

In Northern Ireland, however, gaming and wagering contracts are not legally enforceable and cannot be deducted.

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