S32. Is the amount paid for a raffle ticket a gift and, if so, what is the amount on the receipt?
Short answerLong answer
If participation in the raffle is included in the participation fee of a fundraising event such as a banquet, the prizes will be treated as door prizes and the value of the various prizes to be won is included in determining the amount of the advantage.
Where the raffle is conducted separately, the cost of raffle tickets is not considered a gift (as it is essentially a lottery) and the value of the various prizes is not taken into account in determining the amount of the advantage.