Friday 31 August 2007

HMRC crack down on Second Life.

The United Kingdom's HM Revenue and Customs is getting tough on
money made from virtual trading on
Second Life. Apparently, it is
benefitting from a super computer.
Patrick O'Brien, a spokesman for HMRC said individuals were free to make profits from trading through games such as Second Life, but would have to pay tax on gains which were greater than their annual capital gains allowance of £9,200.

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