Sunday 4 December 2016

Cricketers gain from pro status

Edel O'Connell

Published 09/02/2012 | 05:00

CRICKETERS have been added to the list of professional Irish sportspeople who can avail of a generous tax relief system on retirement.

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Professional cricket players were exempt from the Sporting Tax Relief benefit, which allows professional sports stars to claim back 40pc of their earnings in tax relief over a 10-year period once they retire, as it was considered an amateur sport.

Cricket Ireland introduced contracts in 2009, and as of the 2011 Cricket World Cup -- when the Irish team beat England by three wickets -- 13 players have full-time contracts and can avail of these tax benefits.

Irish Independent

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