What to Do If You Win the Lotto

are lottery winnings taxed in australia
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“Lottery winnings such as Powerball, are not taxed in Australia,” he said “Income from hobbies, such as winnings from game shows, are normally also not taxed

You don't pay tax on your lottery winnings, and any money gifted to family and friends is free of tax The only tax you or the gift recipients

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arend slot Lotto winnings are tax free in Australia, the money is yours Any interest you earn off lotto sitting in the bank will be taxable as income