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Financial Fitness

How different forms of income are taxed for professional athletes in the UK.

Professional athletes in the UK generate income from various sources, which may all be taxed in different ways. Income might come from: Winning Income Sponsorship Income Image rights Endorsements Signing bonuses Career income Taxation of income for athletes It is essential to understand the taxation of income for athletes and payment methods associated with these income streams to effectively manage…
David Gregory
July 5, 2023