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lottery syndicate members
ZZaffy
Posts: 176 Forumite
Sister and I are going to open a two persons syndicate. Sister cannot buy a ticket because she lives abroad. She is hoping to live in the UK in the future. She has a bank account here. I rang lottery and the rep said syndicate members have to live in the UK but I am not sure if rep is correct. I see no reason why, if we win, I can't put half the winnings in Sister's bank account.
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Comments
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she wouldn't be a recognised as a legal winner, so even if she paid you half and then you won, if you did win and you kept the winnings i don't think she'd have any legal claim to it, It would be down to you to give it to her with out it being legally enforceable. I think you would just have to play as a lone player and just give her half with out opening the syndicate1
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NJM. Makes sense. Thanks.0
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Effectively you would be giving her "share" as a gift to her so inheritance tax etc could potentially come into play which it wouldn't for a "legitimate" syndicate member1
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Would a Euro-Millions syndicate be a better option for us?0
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ZZaffy said:
Still need to be a UK resident for Camelot - but as the chances of winning a really large sum are soo small it's hardly worth worrying about - and as long as you live at least 7 years after giving IT should not be an issueWould a Euro-Millions syndicate be a better option for us?1
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