Do I Have to Pay Tax on Prize Home Winnings in Australia?

Q: do I have to pay tax on the first prize if I win a luxury home

No, you won't pay capital gains tax on your first prize if you sell the property for the value it was given at the time you won it. You'll get the total value in your pocket without any tax liability in this scenario.

Q: when do I have to pay taxes on first prize winnings from RSL Art Union

You'll only need to pay taxes if you sell your property for more than its original winning value or if you lease it out to generate rental income. Otherwise, accepting and holding the property at its awarded value keeps it tax-free.

Q: what are the first prizes available in the RSL Art Union draw

The first prizes include one of 10 luxury homes located across the country, ranging from beachside properties and high-end apartments to homes with pools and top-of-the-range cars. The Golden Treasure package even includes an entire high-end apartment block as a first prize option.

Q: how do I enter the RSL Art Union first prize draw for homes

You can enter by setting up an account on the RSL Art Union website, though many people join the VIP members scheme since home draws sell out quickly and VIPs get guaranteed entry. This ensures you won't miss your chance to win the first prize luxury homes.

Q: what makes RSL Art Union first prize draws different from other lotteries

RSL Art Union is different because all proceeds from ticket sales go to supporting veterans and their families through mental health and financial educational support. When you buy a ticket for the first prize draw, you're not only entering to win luxury homes but also contributing to a worthy cause.

Do I have to pay tax on the first prize if I win?

By Gary Oldman · 10 April 2026

You may expect that if you are fortunate enough to win a multi-million dollar luxury property, you will have to pay tax on it. However, this isn't always...

Quick Answer: **TL;DR:** No capital gains tax is due if you win a property and sell it at the original value awarded, but taxes apply if you sell for more or lease it out.

At RSL Art Union, we want our winners to get the most from the prizes they receive. With that in mind, below you will find some valuable information on tax and how it applies to our first prizes. Keep reading to find out more.

Do I have to pay tax on the first prize if I win?

You may expect that if you are fortunate enough to win a multi-million dollar luxury property, you will have to pay tax on it. However, this isn't always the case. Indeed, if you choose to sell your property for the value it was given at the time you won it, you won't have to pay any capital gains tax at all. Yes, that is right you get the total value in your pocket!

However, it is worth noting that there are some instances when taxes will apply. These tend to be:

If you sell your property for more than the value at the time you won it.
If you lease out your property to make money.

What are the first prizes?

The first prizes in the RSL Art Union draw are one of 10 luxury homes. These homes are located across the country, and you can even visit to take a peek at what your life could be like if you win! Some of the homes we offer are beachside properties, some have their own pools, some are high-end apartments, and some come with top of the range cars. While our Golden Treasure package includes not just one property but an entire high-end apartment block!

Then there are our other draws that include packages of property portfolios, 2 million in gold bullion! There are even quarterly draws for 100K and weekly draws for 5K. There really are so many opportunities to win a life-changing prize.

How do I enter?

The good news is entering in the RSL Art Union Prize Draw couldn’t be easier. All you need to do is set up an account on our site. Although many people prefer to use our VIP members scheme, the reason being that our home draws sellout very fast, and VIPs get guaranteed entry.

What makes RSL Art Union different from other prize draws?

In one word, it's charity. This is because when you buy an RSL Art Union prize draw ticket you get two things of value. Of course, the first is an entry into our prize draws where you could win one of the houses listed above, as well as a $5000 prize each week, a $100,000 prize quarry, or $2 million in gold bullion.

But that is not all you get. With RSL Art Union the proceeds from each ticket you buy go to one of the most worthy and noble causes, there is. Yes, that's right helping veterans rebuild their lives after faithfully serving our country.

Indeed, the processes from the ticks you buy will find mental health, financial educational support for veterans and their families, which most definitely makes the RSL Art Union prize draw a win-win for all involved.