Yes indeed. Once they all sign the back of the ticket tax doesnt come into play.Yes, there are tax implications.
Hence the high number of 'family syndicate' winners. It'd be difficult to prove that the syndicate didn't exist before the win.
Yes, there are tax implications.
Hence the high number of 'family syndicate' winners. It'd be difficult to prove that the syndicate didn't exist before the win.
Yes, there are tax implications.
Hence the high number of 'family syndicate' winners. It'd be difficult to prove that the syndicate didn't exist before the win.
I find myself doing that from time to time, especially when there's a lottery-related story in the news. Trouble is I don't partake in the lottery so not sure why I bother!There are tax implications for gifts and I spend a lot of time on boring car journeys working out how best to divide up my imaginery lottery winnings between siblings, nieces/nephews, in-laws, even some friends whilst doing the mental sums to see how much extra I would have to give them for tax on the amount above the threshold so that they get the figure I want them to haveIt keeps me alert on long drives!
Wasn't an issue for us.What if you do it online and its tied to one user name / email address / phone number etc..?
See my post immediately above yours.What if you do it online and its tied to one user name / email address / phone number etc..?
Got it.. so the tax man will not be getting a cent of my €2 win last month !!!The person playing is acting as bare trustee for everyone else
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