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what is the tax on lottery winnings in australia
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The lottery winnings are tax free in Australia Assuming the trust was established in Australia, its income would be taxable in Australia

Lotto winnings in Australia are classified as tax-free income However, it is your responsibility to abide by any relevant tax laws in your Australia SECTION 26AJ Part III — Liability to taxation INVESTMENT-RELATED LOTTERY WINNINGS TO BE INCLUDED IN ASSESSABLE INCOME 26AJ

poker online bonus new member This makes it the second largest pot in Mega Millions history – surpassed only by the $ billion winning ticket in October 2018 Generally, if someone wins a raffle, Lotto or prize money in a draw, these winnings are not taxable Similarly, prize money from a dog