The Block billionaire Adrian Portelli is facing an eye-watering tax bill of over $1.2million after snapping up all five properties in the show’s auction on Sunday.

The businessman, 35, spent a grand total of $15.03million after buying all the luxury Phillip Island homes from the show’s 2024 season in a first ever on the program.

However according to realestate.com.au, Portelli could avoid paying the hefty bill by offloading the properties which he has announced he will be doing.

He revealed he will be giving away all the houses in a massive ‘resort giveaway’ through his LMCT+ raffle business.

By doing this, Portelli could avoid paying the Victorian State Revenue Office as much as $876,950 and approximately $332,182 annually in land taxes.

He made history on Sunday night when he snapped up every Block home on Phillip Island for a staggering $15.03million during the finale.

Following the auction, Portelli announced on Facebook: ‘Under new management! And as mayor of Portelli town, I would like to announce a world first. LET’S GIVE AWAY A FKN RESORT!’

‘1 Giveaway – 1 Prize – Winner takes the whole resort OR $8,000,000 instant Tax-Free Cash instead! Let the game begin.’

The Block billionaire Adrian Portelli is facing an eye-watering tax bill after snapping up all five properties in the show’s auction on Sunday

The ‘rewards club’ Portelli has made his billions from sees his customers pay for different tiers of membership to receive a number of entries in luxury giveaways.

Portelli has been buying up Block houses over the last three seasons and giving them away in his raffles.

He confessed to The Kyle and Jackie O Show on Monday morning that he doesn’t even like Phillip Island and that is why he will be giving all five properties, packaged as a ‘resort’, away in the raffle.

The shock admission came when host Jackie ‘O’ Henderson asked the entrepreneur: ‘So what are you going to do with all these houses, Adrian?’

‘Well, I was thinking of starting my own resort, but I’m actually going to give them away to one of my customers,’ Adrian responded.

The businessman, 35, spent a grand total of $15.03million after buying all the luxury Phillip Island homes from the show’s 2024 season in a first ever on the program. Pictured Adrian and winners Maddy and Charlotte

Kyle Sandilands explained: ‘That’s what he does. Every time he buys these houses he gives them away to one of his customers… It’s part of a contest [LMCT+].’

‘We give them away and someone gets to win it,’ Adrian said, before slamming the location where The Block was filmed this year.

‘I’m not much of a fan of Phillip Island. It’s a bit of a drive for me. I can’t be bothered to drive all that way,’ he said.

Portelli also appeared to confirm that the auction was rigged after Maddy and Charlotte Harry became the youngest ever winners on Sunday.

‘We hand-selected the auction order to make sure the girls [Maddy and Charlotte Harry] went last. So we can get them to win,’ Portelli told Nova’s Jase & Lauren.

However, Portelli could avoid paying the hefty bill by offloading all the properties which he has announced he will be doing

Portelli revealed it was decided their house would be the last to go to auction to increase the drama after the latecomers came under criticism from their co-stars.

‘The girls cared. They came in late. They were the underdogs, were picked on, were bullied,’ he claimed.

He said Maddy and Charlotte were informed in advance as to why their property would be auctioned last, adding the other contestants were kept in the dark.

‘It was just the girls [who were in on the plan]. How good is that? They are the sweetest and innocent and were playing the game the best,’ he shared.

When asked for comment, Nine told Daily Mail Australia: ‘The Block auctions are conducted by licensed real estate agents who are required to comply with all relevant laws while in the presence of Consumer Affairs.’