Re:Spanish government limits crowdfunding to € 1M, donations...
by polymatter on Friday February 28, 2014 @06:52AM
(#7318223)
link showing DanBC is indeed correct (http://www.national-lottery.co.uk/player/p/help/playinginsto...)
though UK lottery winnings will still be taken into account for inheritance tax if the winner dies within 7 years.
Re:Spanish government limits crowdfunding to € 1M, donations...
by ArenaSource on Friday February 28, 2014 @09:41AM
(#7318884)
that's for parents safety
This is why accountants are important. They know the system and paperwork and words; they know how you can pay tax in one form cheaper and later instead of expensive and now.
I don't think UK taxes lottery winnings.