The gains received from games of chance are not considered as income and are net of all social or tax deductions.
But the winner can be subject to tax on real estate wealth if he invests his money, specifies on Europe 1 lawyer Roland Perez.
DECRYPTION
It is one of the highest sums won by a Frenchman since the creation of the Euromillions.
On Tuesday, a player won the tidy sum of 157 million euros.
But the tax consequences of such a gain are often little known.
For example, will the winner have to pay taxes on the amounts won?
The lawyer of Europe 1, Roland Perez, takes stock of the issue.
Will the winner have to pay taxes?
No tax will be collected by the tax authorities.
The gains received from games of chance are not considered as income and are net of all social or tax deductions.
On the other hand, the State collects several billion euros on the bets.
Will it be taxed in the event of a donation?
And if the winner decides to give some of this money to his or her relatives, can he do so?
Yes, but he will have to pay a tax on these sums.
Beyond the possible amounts of tax deductibles between parents and children or grandchildren, the price list for donations subject to taxation will apply fully.
And if the winner buys a property or even several, with a total value greater than 1.3 million euros, he will then be subject to the IFI, the tax on real estate wealth.
Finally if he invests his money, the profits and capital gains from the investments will be taxed.
What about the card players?
On the other hand, for professional card players, such as poker or bridge for example, we consider that this is no longer a coincidence.
Winners pay taxes and must report the winnings to the tax authorities as non-commercial profits.
The same goes for the winners of the game shows.