Date: Thu, 22 Mar 2007 00:47:23 +0000
From: Reestit Mutton 
Newsgroups: uk.finance
Subject: premiun bonds for a non-UK resident

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
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