2023-12-22 15:29:09
Friday, December 22, 2023, 2:11 p.m. | Updated 2:29 p.m.
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‘El Gordo’ has spread his luck in Bizkaia, with Bilbao, Algorta and Artea as the main scenes of happiness, although the rain of millions has also reached other municipalities in the territory, such as Derio, Santurtzi, Urduliz, Amorebieta, Galdakao, Sestao and Ondarroa. The fifth prizes have left more than 6.5 million euros, the majority in Bilbao.
Many of these tenths, in accordance with the tradition of this draw, will have been shared with family and friends. In these cases it is worth remembering the advice of the State Society of State Lotteries and Betting (SELAE) so as not to have any problems when it comes to collecting a winning tenth. The organization warns that if a tenth is shared, “all participants must be identified when collecting prizes equal to or greater than 2,000 euros in authorized financial entities,” which in this case are BBVA and CaixaBank.
The Organization of Consumers and Users (OCU) specifies that when purchasing a lottery to share, “each participant must be given a signed photocopy of the tenth ticket”, which must include the following information: the name and ID of the person who purchased it. purchased and keeps it, those of the recipient, the amount he plays and the number, the series, the fraction and the draw (even if they appear on the photocopy). “You can also send a photo of the tenth by email or WhatsApp, as long as these same data appear,” they add from the organization.
Once this procedure has been completed, the corresponding financial institution will pay the prize to the account of the person who owns the ticket. If it is not done this way, the pinch that the Treasury takes in all the draws sponsored by the State will be even greater.
What the Treasury takes
The treasury usually keeps 20%, but not of the total prize, but of the amount that exceeds 40,000 euros (those that do not reach that figure are exempt from taxation). For example, someone awarded a tenth of ‘El Gordo’ (400,000 euros) will pay taxes for 360,000 euros, while the Treasury keeps 20% of this amount (72,000 euros).
What remains ‘clean’ is distributed among those who have a participation, in the percentage previously established. Of course, the owner of the tenth should not collect it in full without identifying the rest of the participants since, remembers the OCU, “by distributing it it may appear that you are donating the money.”
In that case, it would be mandatory to pay the Inheritance and Donation Tax, a tax that taxes capital gains obtained for profit by natural persons. Lottery prizes distributed after cashing out would fit into the donation category.
The payment of the tax corresponds to the person who receives the donation. That is, the prize part. In the three Basque territories the rate to pay is 1.5% – regardless of the amount of the donated good – when the recipient is the spouse, de facto partner, descendant or ascendant in a direct line by consanguinity. For the rest of the donations, the percentage will depend on the degree of kinship or relationship you have, in a scale which starts from 5.70%.
For the “most distant and strange grades”, in the case of friends, the minimum rate is 7.60% for liquidated bases of up to 9,230 euros. From this figure, and according to a series of pre-established income brackets – as in personal income tax – the percentages increase, which can reach up to 42.56% for amounts greater than 2,305,420 euros.
Thus, if El Gordo from the Christmas Lottery is distributed, the Treasury would claim 90,000 euros in Donation Tax.
Payment methods
When the prizes are less than 2,000 euros for each tenth or receipt, they can only be collected at one of the 10,902 points of sale of the lottery commercial network starting on the afternoon of December 22. It can be collected in cash or through Bizum since, as SELAE recalls, Lottery points of sale “were the first physical businesses in Spain” to incorporate this system as a method of payment for bets and collection of minor prizes.
In the case of tickets purchased ‘online’ on the official channel (www.loteriasyapuestas.es), the biggest prizes are paid via bank transfer to the account communicated by the player in their internet account, “once the account number is verified after the draw,” explains Loterías.
Minor prizes will be credited directly to the game account “as long as it does not exceed the established limits.” In this case, they will also be transferred to the current account communicated by the ticket owner.
The prizes can be collected until March 22 of next year, since the right “expires three months, counting from the day following the day the draw is held.”
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