Lottery taxes

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Manchesteral
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Lottery taxes

Postby Manchesteral » Sat Jul 06, 2019 2:25 pm

Anyone know if lottery wins are taxed in Spain (asking for a friend) :-)

El Cid
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Re: Lottery taxes

Postby El Cid » Sat Jul 06, 2019 2:38 pm

It’s changing year by year - and getting more favourable.

https://www.lottohoy.com/new-tax-rate-o ... from-2018/

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peteroldracer
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Re: Lottery taxes

Postby peteroldracer » Sat Jul 06, 2019 10:26 pm

The big never-mentioned subject is what happens if a spanish resident comes up with a million on the Premium Bonds....
I used to cough to disguise a [email protected] I f@rt to disguise a cough.

Beachcomber
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Re: Lottery taxes

Postby Beachcomber » Sun Jul 07, 2019 6:50 am

Tax is payable on a Spanish resident's Premium Bond winnings and should be declared as an asset on form 720 if the holding is valued at fifty thousand euros or more.

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costakid
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Re: Lottery taxes

Postby costakid » Sun Jul 07, 2019 10:35 am

last i heard it was 20% tax on a big win.

Manchesteral
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Re: Lottery taxes

Postby Manchesteral » Sun Jul 07, 2019 9:56 pm

So the €880.00, I, sorry, my acquaintence won on bonolotto is tax free !


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