Wednesday 28 June 2017

Cricketers gain from pro status

Edel O'Connell

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

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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