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PRACTICAL IMPLICATIONS OF SPORTSPERSONS RELIEF

 

Sportsperson relief was introduced in 2002. The relief was a recognition of the relatively short careers for most sportspersons.

A qualifying sportspersons will be entitled to a deduction from their total income of 40% of the gross receipts, before deducting expenses. The gross receipts for this purpose is defined as those which arose “wholly and exclusively” from engaging in the sport.[/vc_column_text][/vc_column][vc_column width=”1/3″][mk_image src=”https://doylemurtagh.ie/wp-content/uploads/2017/10/Sportsperson-relief-Ebook-Cover-web-1.jpg” image_width=”800″ image_height=”350″ crop=”false” lightbox=”false” frame_style=”simple” target=”_self” caption_location=”inside-image” align=”center” margin_bottom=”10″][/vc_column][vc_column width=”1/3″]

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