Do I pay tax on my winnings? - Help Centre

do you pay tax on lottery winnings in australia
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If you're an Aussie resident and you win a prize like this, you might not be hit too hard with taxes as you only need to declare prizes you win

A lottery is a form of gambling which involves selling numbered tickets and giving prizes to the holders of numbers drawn at random Lotteries are outlawed Tax-Free Lottery Winnings in Australia: Know the Rules Tax-Free Lottery Winnings Discover

how does lottery bond works Tax-Free Lottery Winnings in Australia: Know the Rules Tax-Free Lottery Winnings Discover Answer: The prize itself will be tax free but any increase in value will be subject to capital gains tax Just keep in mind that CGT is not