Prize money won
Our local football club won the premierships and was awarded $15k. Does the prize money count for GST???
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Hi Robert119,
Thank you so much for your post and welcome to the Community Forum!
My apologies for the late response. In this situation, I would kindly suggest reaching out to an Accountant or a Financial Advisor. They have the expertise to provide you with more comprehensive information and guidance, ensuring you receive the most accurate and tailored response to your specific needs. Your financial well-being is important, and they can offer valuable insights to assist you in making informed decisions. Don't hesitate to seek their assistance and expertise.
Feel free to post again, we're happy to help.
Regards,
Earl
