London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Tax break for athletes

The Treasury is giving a one-off exemption from UK tax for athletes completing at the Diamond League event at the Olympic Stadium on 27 July this year.

Usain Bolt, who is a fan favourite, has previously been quite vocal of his dislike of UK tax laws that effectively mean he has to pay to race in the UK and indeed he was refusing to compete here.

Whilst I am personally thrilled at the opportunity to see Bolt live in the UK, the piecemeal application of exemptions (why not the same treatment for tennis players, for example?) seems a little odd.



Date: 11th March, 2013
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


#Tax traps to watch when selling your main home - main residence relief and CGT risks…

Mercer & Hole partner, Andy Turner gives his views on ‘Audit of the future’…



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn