Do You Get Taxed on Lottery Winnings in Australia?

are lottery winnings taxed in australia   Dan arena poker room

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

Apart from making money doing something they enjoy; professional gamblers are also lucky as their winnings are generally tax free in Australia Taxation ruling Other gambling products, including electronic gaming machines , casino games, lotteries, Keno, raffles, bingo and scratch cards are not

bitcoin price Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30% Gambling & Lottery Tax-Free Countries · Austria · Australia · Belgium · Canada · Denmark · Germany · South Africa