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Are Lotto or competition winnings taxable?

Posted 29 March 2016 under Tax Questions



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Quizi says:
26 March 2016 at 7:31

Do you get taxed if you win money, say through a competition or the lotto, and how much or how do you calculate the amount it will come to?

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TaxTimTaxTim says:
29 March 2016 at 13:47

No, Lotto winnings are not taxable nor are competitions.


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