Win big? Not so fast, says the taxman

is the lottery taxed in australia
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Lottery winnings are not currently taxed in Austria Promotional Prizes Some promotional prizes that may be offered by the Lottery Operator to ticket

While lottery prizes — won through entries with Golden Casket, NSW Lotteries, Tatts, Tatts NT and SA Lotteries — are classified as tax-free Answer: The prize itself will be tax free but any increase in value will be subject to capital gains tax Just keep in mind that CGT is not

big red poker machine download Australia's most sexually active woman is stung with eye-watering tax bill Billionaire lottery winner Edwin Castro enjoys Nobu Malibu Whether you go with an annuity spread out over three decades or as an immediate, reduced lump sum, 24 percent of your win is withheld for