Boxing legend Tyson Fury has ditched the UK for the tax-friendly Isle of Man, simply weeks after Rachel Reeves’s Budget. The heavyweight boxer, 37, is known to be dwelling in an £8million mansion exterior the island’s capital, Douglas, with spouse Paris, 36 and their seven kids.
The Isle of Man is understood for its beneficiant tax charges, with revenue tax at present at 21% in comparison with a 40% larger tax fee within the UK. The former boxing world champion is at present chargeable for a forty five% tax attributable to his earnings exceeding the £125,140 threshold. Companies House filings dated December 1 verify the boxer has formally modified his nation of residence to the self-governing Crown Dependency.
His spouse has additionally performed the identical in her personal enterprise information.
The boxer is estimated to be value roughly £160million, with the island typically interesting to high-net-worth people attributable to its lack of inheritance tax.
Fury has not publicly commented on the transfer, however a supply informed The Sun: “Tyson has been telling pals that he has moved to the island.
“He is very fond of the Isle of Man and has been telling residents that he is looking forward to making it his home.
“The couple have also been checking out schools in the area for their youngest kids.”
It comes simply weeks after the Chancellor Rachel Reeves launched a brand new levy on properties exceeding £2million in worth, a worth the couple’s household residence in Morecambe comfortably exceeds.
Fury was noticed earlier this 12 months travelling by ship to the island, which is serviced by crossings from Liverpool and Heysham, near the Fury household residence in Morecambe.
One traveller stated on Facebook: “I had the privilege of meeting and chatting with this amazing guy and his family on the Manxman this morning.”
The former world champion was seen in a Terry’s Tatos in Douglas final week, the place he was reported to have spent round £60.
Director Rachel Marsland, 47, stated: “I turned around and saw Paris Fury walk through the door, and I recognised her instantly – then I turned and saw Tyson ducking in the door.
“He was like: ‘Have you got enough spuds for us?’ I said: ‘How many of you are there?’
“He said: ‘Nine of us.’ At that point I was shutting in 15 minutes so there were nine potatoes left in the oven.’
“He was like: ‘Brilliant – there are nine of us so we will buy the lot.”
In June, it emerged that the boxer’s firm, Tyson Fury Ltd, held £162 million in money and investments. The agency’s worth had elevated by £82 million since 2023, but Tyson paid himself solely £100,000.
The Daily Express has approached Fury’s representatives for remark.
https://www.express.co.uk/news/uk/2148879/tyson-fury-leaves-uk-rachel-reeves