Irish person wins �115m in Euromillions

**pineapple stu** · 01/08/2005, 7:11 PM

Apparently she has to pay tax on that? Would be at 47% including PRSI. Would still leave a nice bit left over though!

The rich lists are complete nonsense, incidentally. Having clients at work who are/should be on those kind of lists (there are others as well, like the 1000 biggest companies in Ireland, etc.), I have to have a good laugh whenever I read through them!

**tetsujin1979** · 02/08/2005, 12:25 AM

As far as I know it is tax free

**sligoman** · 02/08/2005, 12:37 AM

See the papers are saying that she is related to the Keane family in Limerick

. For **** sake, who cares? Leave the woman alone, she won and fair play to her

**dahamsta** · 02/08/2005, 2:25 AM

Originally Posted by pineapple stu

Apparently she has to pay tax on that? Would be at 47% including PRSI.

Dunno how you figured that out. It looks like you're calculating it using PAYE + PRSI, but PAYE is calculated on earnings (hence the E) and PRSI is pay-related (hence the PR). This is a windfall or capital acquisition, from which lotteries are exempt.

adam

**hamish** · 02/08/2005, 10:24 AM

I think in the US one pays 50% or thereabouts when one wins the various lotteries over there. Also, the tax is reduced if one accepts the winnings over a long period. It's something like that anyway.
Whatever the rights or wrongs of winning a large sum of money - I feel that if one is a 50 million winner then one wins 50 million - in the US a 50 million winner wins 25 million.
I thought that there was a law/rule or whatever covering misleading advertising???

How can a 50 million lottery be promoted as such when one only wins half of it???

Of course, one (

) is open to correction on any - or all - of the above

**pineapple stu** · 02/08/2005, 12:34 PM

Originally Posted by dahamsta

This is a windfall or capital acquisition, from which lotteries are exempt.

That's what I was thinking alright. Had heard there was tax payable. Hardly makes much difference though - even E70m is nice!

**Lionel Ritchie** · 03/08/2005, 10:24 AM

AFAIK she's liable for all taxes applicable to the interest earned by the prize money -but nought on the prize money itself.

**Green Tribe** · 03/08/2005, 1:55 PM

we shouldn't be so bitter, nice to see someone from home winning it, and i really hope it went to someone who really needed some money and that it improves her and her family's life, not cause rows or splits like i have read in previous cases. I have no doubt she will donate some to charity etc also in ireland and abroad.