Are lottery winnings tax-free UK?

kayode10

Well-known member
$Points
2,134
My country is part of the Commonwealth so a lot of people usually have access to freezer to United kingdom. a lot of my friend have relocated to United kingdom. Some of them like to be playing lotteries.

One of the questions I want to ask you guys is that Are lottery winnings tax-free UK? I'll be glad if anybody who resident in that region should tell me how it is.
 
Yes, lottery winnings are tax-free in the UK. However, there are a few exceptions to this rule. For example, if you win a prize worth more than £500,000, you will be required to pay a one-time tax of 25%.
 
It is good to see that there are some countries in which you can actually play happily in a lottery and if you win a good price that is not much life changing but still better you do not have to pay taxes and that is very much a good thing
 
Back
Top