Hi guys,
I know this isn't technically a UK finance question but I don't know of any eu equivalent of this NG. I'm just hoping that one of the many financial wizards on this NG has a working knowledge of European tax rules or, failing that, can point me in the direction of a more appropriate place to ask this question...
Myself and my siblings have recently received a sum of money from our late father's estate and one of my brothers wants to deposit his share in premium bonds. The problem is that this brother is currently living and working in Luxembourg.
The NS&I website says the following about non-UK residents holding and purchasing premium bonds:
"Overseas residents can hold and purchase Premium Bonds if local regulations permit though they cannot apply via our website as many countries prohibit the promotion of lotteries over the internet."
Does anyone on this NG know
(a) if Luxembourg permits its residents to participate in the premium bonds draw
(b) what the tax status of any winnings would be for anyone paying tax in Luxembourg
thanks Reestit Mutton