Is it true that you pay tax on lottery wins

tax on lottery winnings australia
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INCOME TAX ASSESSMENT ACT 1936 - SECT 26AJ Investment

HM Revenue & Customs doesn't regard lottery winnings as income, so all prizes are tax-free Net lottery winnings are the total amount of winnings that remain after subtracting the cost of the lottery ticket The exact amount of tax

h1b round 2 lottery 2024 Generally, if someone wins a raffle, Lotto or prize money in a draw, these winnings are not taxable Similarly, prize money from a dog Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%