Taxes Consolidation Act 1997 section 216

Profits from lotteries

Section 216 exempts from income tax the profits of lotteries licensed under Part IV of the Gaming and Lotteries Act, 1956.

  • Profits arising from a licensed lottery are fully exempt from income tax.
  • The exemption applies only to lotteries holding a licence under Part IV of the Gaming and Lotteries Act, 1956.
  • Lotteries that do not hold the required Part IV licence do not qualify for the exemption.
  • The exemption applies to the lottery profits themselves, not to prizes received by individual winners.

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