Receiving money from a lottery winner - taxable?

RMCF

Registered User
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You probably opened this to see how much I'm getting, well sorry but its only a hypothetical question that popped into my head. More's the pity, eh.

If a friend of mine won the Euromillions jackpot and wanted to give me a few million, would it be taxed?
 
Yes, 30% CAT, miserly 16,250 or so tax free threshold if not related (and assuming all threshold unused), annual 3k also comes off but then hit with 30%.
 
Thanks for that.

What if the winner wanted to clear my mortgage for me?

Any comeback on that?
 
If a winner wants to give you money from the lotto and avoid any taxes on it I think they need to put your name down on the ticket prior to submitting claim.
 
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