0 votes
Can you give lottery winnings to family UK?

1 Answer

0 votes
£3.5m Lotto family face 40pc death tax. Although lottery winnings are not taxed, gifts above a certain level are treated by the taxman as earnings. A spokesman for HM Revenue and Customs said: " You can give a certain amount to relatives but you have to live for the next seven years otherwise taxation comes into play."
Welcome to All about Slots&Casino site, where you can find questions and answers on everything about online gambling.