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Fury Family's £8M Tax Haven Escape Revealed
13 Mar
Summary
- Tyson and Paris Fury relocated to a £8 million six-bedroom home on the Isle of Man.
- The family moved to benefit from more favourable tax conditions and lower income tax rates.
- Paris Fury shared glimpses of their new farmhouse and a health kick on Instagram.
Boxing champion Tyson Fury and his wife Paris, along with their eight children, have recently moved to the Isle of Man. The family has settled into a six-bedroom farmhouse, reportedly costing £8 million, located in the island's countryside. This relocation occurred late last year, with official records confirming their 'usual residence' status on the island as of December 1.
The primary motivation for the move appears to be financial, with the Isle of Man offering more advantageous tax conditions. Specifically, the island has a top income tax rate of 21% and a tax cap of £220,000, significantly lower than the UK's rates. Furthermore, the Isle of Man imposes no capital gains or inheritance taxes.
Paris Fury has shared aspects of their new life with followers on social media. She posted photos of their new home and shared footage of sheep in their garden. She also highlighted her modern kitchen and announced a personal health kick, aiming to lose weight by cutting out sugar and sweet treats.
The Fury family previously resided in Morecambe, Lancashire, but have expressed fondness for the Isle of Man. Tyson Fury, a multiple heavyweight title winner, has been seen in various locations around the island since their move.
