What happens if you win the lottery?

Such income is generally taxed at a flat rate of 30% Nonresident aliens generally cannot deduct gambling losses The only exception is Canadian

What happens if you win the lottery? Have you ever wondered about people who win money on game shows like Kaun Banega Crorepati, Bigg Boss, Indian Idol, etc , paying tax or not? Do

Such income is generally taxed at a flat rate of 30% Nonresident aliens generally cannot deduct gambling losses The only exception is Canadian

double slot ring box HM Revenue & Customs doesn't regard lottery winnings as income, so all prizes are tax-free

Its also important to know that from 6th April 2020 you must pay the tax you owe to HMRC within 60 days of selling the UK property or land (if the completion

does canada have a green card lottery One of the latest came about in 2022, when a EuroMillions victor received £195 million, a record at the time and in the UK, players are not taxed on their

I'm pretty sure even if you did well in life, winning the lottery would still be the biggest Because Camelot promise you an all expense paid