.png)
.png)
An international sportsman owns a retail shop in the UK, but spends only about 100 days in the country each year. He lives with his mother when in the UK. The shop is managed on his behalf, and he has increasing sponsorship income
My client owns a retail shop in the UK which is run and managed by somebody else on his behalf. The client has no residential property in the UK but lives with his mother when he is here.
The client’s main occupation is as an international cyclist. His income is derived from five companies that sponsor him. These companies are American Italian and British.
Because he is cycling around the world he only spends about 100 days in the UK each year and the only country where he spends a comparable amount of time is New Zealand.
As well as income from sponsorship he also receives prize money in America Europe the UK and New Zealand. In some cases the prize money is taxed in the country where the race took place.
What on earth is his tax position? He does not seem...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
