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You can win the Loto tax-free but may pay investing it

Ready query about what happens if you win the EuroMillion in France.

I sometimes buy EuroMillions tickets while on holiday in France and wondered what would happen should I win millions! Would it be the same as in the UK where all winnings are tax free, even if I was on holiday when I won? J.D.

The funds won are not in themselves taxable at the time of the win but the invested capital won is liable to capital gains tax on any gains made thereafter, as is any income liable to income tax but in your country of residency – not France. 

Reader's query answered by Hugh MacDonald

If you have a money query send it to We select questions for answer every edition

  • The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case.
  • No liability is accepted in respect of this article. It is intended only as a general guide. Nothing herein constitutes actual financial advice.
  • The Connexion welcomes queries and publishes a selection with answers every edition. However, please note that we cannot enter into correspondence on money topics. Queries may be edited for length and style. Due to the sensitive nature of topics we do not publish full names or addresses on these pages.
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