Lottery Legal Considerations

Winning lottery does not invite taxes in UK directly however once the amount is submitted in bank as savings account, Income Tax is charged

Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

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lottery sambad 2_00 pm The lottery tax calculator helps you estimate the tax amount deducted from a lottery prize and compare the money