Lottery winnings and syndicates

If there is no agreement and the winner of a prize transfers part of it to others, these gifts may attract Inheritance Tax If the members of the group can

Rather than an income, participating in the lottery counts as gambling in the UK according to HMRC So if you're lucky enough to win, rest

national lottery christmas Current National Lottery rules state that a prize can only be paid out to one person, the syndicate manager, and if there is no formal agreement in place, the

national lottery thunderball numbers As this HMRC document states: No liability to inheritance tax arises on winnings by a football pool, National Lottery or similar syndicate