Lottery taxes
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- Resident
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Lottery taxes
Anyone know if lottery wins are taxed in Spain (asking for a friend)
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- Andalucia Guru
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Re: Lottery taxes
It’s changing year by year - and getting more favourable.
https://www.lottohoy.com/new-tax-rate-o ... from-2018/
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https://www.lottohoy.com/new-tax-rate-o ... from-2018/
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- peteroldracer
- Andalucia Guru
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Re: Lottery taxes
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.
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- Andalucia Guru
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Re: Lottery taxes
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.
Re: Lottery taxes
last i heard it was 20% tax on a big win.
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- Resident
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Re: Lottery taxes
So the €880.00, I, sorry, my acquaintence won on bonolotto is tax free !
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