Q&A: How to manage your lottery millions

lottery winnings tax uk
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The simple answer is yes Phew, that was easy If you're a UK tax resident, you're exempt from paying the following taxes on your lottery

Income from winning from lotteries, crossword puzzles, etc , is taxed at a specified tax rate You can also claim deductions for expenses that info@ uk Skip to Main Content People's Postcode Lottery Winning postcodes for August draws are announced daily from 10 August to 6

poker rooms in michigan Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate As the famous Louis Armstrong song goes, you have all the time in the world to decide how to use your winnings The only concern would be the