Winning the Euro Lottery

Comhrá

Suppose you win a big haul in the Euro Lottery, say, 50 million Euro, you want to share your spoils with family and close friends.

Can you put all their names on the winning ticket and deem them to be syndicate winners as winnings are free of gift-tax?

If you put all their names on the ticket, do they all have to get an equal share or could you give some of them a greater or lesser share?

No, I haven't won, just indulging the fantasy of bringing a bunch of family & friends to National Lottery HQ. Just wondering how these situations are managed?

Oranage2

tippman1 wrote: »

Suppose you win a big haul in the Euro Lottery, say, 50 million Euro, you want to share your spoils with family and close friends.

Can you put all their names on the winning ticket and deem them to be syndicate winners as winnings are free of gift-tax?

If you put all their names on the ticket, do they all have to get an equal share or could you give some of them a greater or lesser share?

No, I haven't won, just indulging the fantasy of bringing a bunch of family & friends to National Lottery HQ. Just wondering how these situations are managed?

I wouldn't tell anyone including family and friends, living the life of luxury

whatismyname

Not sure, but these guys might know: http://www.breakingnews.ie/ireland/group-of-friends-collect-66m-euromillions-jackpot-720190.html

Comhrá

Oranage2 wrote: »

I wouldn't tell anyone including family and friends, living the life of luxury

I'm the philanthropic type...:D

recylingbin

My mum tried this when she won money on a scratchcard and got into all sorts of legal problems.
Too much hassle for a tenner upon reflection.

Cee-Jay-Cee

Yes you can put all the names on a ticket and claim as a syndicate but it's for equal amounts as far as I know.