UK sport stars take tax hit

FOOTBALLERS LOOKING to move to England on today’s transfer deadline must beware the tax consequences of leaving their current club, according to a survey by Taxand.

graph-tax-variations-sport-copyOn a gross income of £3m, UK sport stars take home £1.53m. Sportspeople in Spain clear £2.28m, while in the US they take home £1.97m.

French stars take home £1.81m, while in Germany they clear £1.58m.

“A number of jurisdictions offer special tax regimes for sportspeople, acknowledging issues such as typically short career lengths. It is important that players fully understand and consider these rules when considering a move abroad,” said Félix Plaza Romero of Taxand Spain.

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