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Winning the Euro Lottery

  • 11-02-2016 9:09pm
    #1
    Comhrá
    Registered Users Posts: 4,754 ✭✭✭


    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?


Comments

  • #2
    Oranage2
    Registered Users Posts: 11,131 ✭✭✭✭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


  • #3
    whatismyname
    Closed Accounts Posts: 2,707 ✭✭✭whatismyname


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


  • #4
    Comhrá
    Registered Users Posts: 4,754 ✭✭✭Comhrá


    Oranage2 wrote: »
    I wouldn't tell anyone including family and friends, living the life of luxury

    I'm the philanthropic type...:D


  • #5
    recylingbin
    Closed Accounts Posts: 5,001 ✭✭✭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.


  • #6
    Cee-Jay-Cee
    Registered Users Posts: 12,235 ✭✭✭✭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.


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