Belfast Telegraph

Rory McIlroy's £1.4m tax bill in the Republic

By Rachel Martin

Rory McIlroy's company handed over as much as £1.4m in corporation tax in the Republic last year - including more than £165,600 in a single month.

The Co Down golfer is worth over £280m, according to recently filed accounts.

While his personal income is tax free because of his residency in Dubai, Rory McIlroy Management is registered in the Republic of Ireland, and will pay corporation tax at 12.5%.

"The domiciling of Rory's contractual and image rights in his Irish management company was effective from December 1, 2014 so the recently filed accounts include only one month of these revenues," McIlroy's spokeswoman told the Sunday Times.

The newspaper estimated McIlroy's corporation tax bill could exceed €2m (£1.44m).

McIlroy's £66m five-year Nike deal would have been hit by the Irish taxman, but his more recent £4.3m deal with EA Sports that saw him replace Tiger Woods on the cover of its latest game would not, as it was only signed in January this year.

At the end of 2014, Rory McIlroy Management had net assets of £14m, according to the accounts.

Belfast Telegraph


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