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Lottery and tax... again?
02-06-2010, 09:48 PM
Post: #1
Lottery and tax... again?
Hello,
Ok, I am in the UK, I win £5million on the lottery, and want to give £1million to my parents, my bro and a friend... will they be taxed on this? I asked this already and people started talking about inheritance tax... don't know why, I have no plans to die in the next 7 years, or even 50 years! If they can be taxed, to what amount, and how do I get round it?

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