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Dáil Éireann - Volume 250 - 01 December, 1970 Ceisteanna—Questions. Oral Answers. - Prize Money Tax. Mr. Begley Mr. Begley 9. Mr. Begley asked the Minister for Finance how much tax the winner of the Hospital Sweepstake 1st Prize of £200,000 must pay to the State on the prize money. Mr. Colley Mr. Colley 15 Mr. Colley: Under existing legislation, no tax is payable to the State on any prizes, as such, in the Hospital Sweepstakes. Income tax may, of course, be payable on the income derived from such prizes and death duties may affect the balance of any [15] such prizes which may form part of the estate of a deceased person. Dr. O'Connell Dr. O'Connell Dr. O'Connell: Is the Minister not aware that taxes are payable to the State on the amount paid to the Hospitals Fund? Mr. Colley Mr. Colley Mr. Colley: I am so aware. Dr. O'Connell Dr. O'Connell Dr. O'Connell: Does the Minister not regard this as being unjust? Mr. Colley Mr. Colley Mr. Colley: No, I do not so regard it. Dr. O'Connell Dr. O'Connell Dr. O'Connell: Is the Minister aware—— An Ceann Comhairle Cormac Breslin An Ceann Comhairle: I am calling Question No. 10. Dr. O'Connell Dr. O'Connell Dr. O'Connell: ——that the State receives 10 per cent of the money that is intended for the hospitals? An Ceann Comhairle Cormac Breslin An Ceann Comhairle: Question No. 10. Dáil Éireann 250 Ceisteanna—Questions. Oral Answers. Prize Money Tax. Questions 19701201
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