if i run a lotto syndicate at work and the winnings are paid out to myself. is there any tax implica

Question

 · Accepted Answer

ElJones · Answer

Hi Anthonycraig73, Welcome to ATO Community. You will be pleased to know that winnings from the lottery are tax-free. So if the winnings are paid to you and you distribute it to members of the syndicate, it would still be tax-free. There are no limits on how much is tax-free.

if i run a lotto syndicate at work and the winnings are paid out to myself. is there any tax implica

Top liked users

Top contributors

Explore tax & super topicsExplore tax & super topics

About usAbout us