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  1. M

    If you win lotto and give some away do you have to pay tax?

    There are no gift taxes. This person possibly spent the money in the best way HE/SHE felt appropriate. After all, this person now fully owns a PPOR and car, and has $445K to live on. Centrelink may class the remainder as deprived income, but that only lasts for 5 years. $445K will last...
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