House Raffle

[rhubarb]

If you were to win a house in a raffle, would there be tax to pay on it ?

Rhubarb

[jil777]

Since the Devon 'illegal lottery' was featured on BBC Breakfast on August 26th the number of these highly suspect lotteries are increasing at an incredible rate.

My count is now in double digits.

Competitions, which are based on skill, knowledge or judgment, are not regulated.

All games of chance are regulated by the Gambling Commission.

The Gambling Commission is also supposed to police the boundary between the two. Unfortunately, as the Devon lottery has so far been able to get away with it, their track record in this area (so far) is not very good.