UK Tax Question (hypothetical)

Assuming I won the lottery (say~£15M+ on a rollover or something) and wanted to give some to a friend , how could I without having to pay large amounts of tax on the money I give t them?

Could I buy a property with land and vehicles that they want myself and then sell it to them for a nominal sum, say £1?

Before I get any begging emails, no I haven’t won, this is a purely hypothetical question. I don’t even do the lottery.

How about setting up a joint account with your friend? You deposit the amount you want to give and your friend has access via a debt card.

That seems like one solution that would work.

Thanks.

Why would you pay any tax? If you unfortunately die within the next seven years then they may have to pay some inheritance tax, I suppose.

In cases where more than one person is to benefit from a lottery win, such as office syndicates, family members, or a poster and his friend, it’s far better to get all concerned parties to sign an agreement prior to buying a ticket.

In the words of Chas Roy-Chowdhury, head of taxation at the Association of Chartered Certified Accounts:

Link.

Another link gives further advice on setting up a lottery syndicate. It seems that problems other than tax liability may arise if the agreement is not nailed down effectively.

The U.K. lottery is tax-paid. Payments by the winner to third parties are considered gifts. Neither party has to pay any further tax directly. If you die within 7 years, the gift, if over £3000 does become subject to Inheritance Tax at a reducing rate.