Lottery Winnings: How much tax? How much can I give to family?

Cash now for lottery prizes can lottery winnings be inherited Most lottery rules only cover transfers due to death, allowing a person's heirs to inherit any remaining annuity payments under a lottery prize can tds on lottery be refunded So the answer to the question “Can lottery winnings be inherited?” is yes Lottery winnings, including annuities, can be inherited The process

caning define Is Lotto winning tax free? The winning amount is tax free, however you will be charged when you put it in the bank or when inheritance tax (40%