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.

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