Wayne Rooney, Jimmy Carr and other stars win £263m HMRC battle

Pedro Gonçalves
clock • 2 min read

Wayne Rooney, Arsene Wenger and Jimmy Carr are among a number of celebrities that have won a long-running £263m investment scheme tax battle with the HMRC. The taxman argued the England legend and hundreds of celebrities had benefited excessively from tax relief for the project to build two data centres at Cobalt Business Park. A High Court ruling yesterday found in favour of the 675 investors in the Cobalt scheme, which received tax relief for funding developments trying to stimulate g...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login