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Tax on lottery winnings

Tax on lottery winnings

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Income that is not taxable · lottery winnings and other prizes · some government grants and payments · child support · the tax-free portion of your redundancy

Lottery tickets are not tax deductible Mater Foundation Queensland accepts no liability for any tax implications that may arise from winning a prize  Lottery tickets are not tax deductible Mater Foundation Queensland accepts For details, email Mater Foundation Queensland at lotteries@ au

jurassic kingdom slot png As another reader rather unkindly put it, “I read somewhere that buying a lottery ticket is a tax on stupidity ” Thanks for sharing the idea If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You must declare

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