Tyson Fury relocates abroad with £160m fortune amid UK tax shake-up

Boxing heavyweight world champion Tyson Fury has shifted much of his £160 million fortune abroad, establishing tax residency in the Isle of Man, according to filings and people familiar with the move. Fury and his wife Paris, with whom he shares seven children, are now living in a six-bedroom, £8 million home near the island’s capital, Douglas, after leaving Morecambe, Lancashire. The family has been seen on the island and has begun looking at schools for their younger children.

The move comes as UK Chancellor Rachel Reeves unveiled a late-budget package aimed at high earners, including a mansion tax on properties worth more than £2 million and higher rates for top earners. On the Isle of Man, by contrast, income tax rates are lower; the top rate is 21 percent compared with 40 percent for higher-rate taxpayers in the United Kingdom, and Fury’s earnings would sit in the bracket taxed at 45 percent for income above the threshold. The island also has no capital gains tax or inheritance tax, which compounds its appeal for individuals with substantial wealth.

The Isle of Man imposes a personal income tax ceiling of £220,000 per year, a feature highlighted by some observers as reducing the marginal benefit of UK taxation for ultra-rich residents. Fury’s residency change is evidenced by Companies House filings, which show a shift of domicile and tax status that aligns with the island’s rules for tax residency. The Manx system requires a person to spend six months on the island in a tax year or more than 90 days per tax year on average over any four consecutive years, according to Equiom’s 2024 report on residency rules.

Locals have already spotted the family in Douglas, with one report noting the couple has been checking out local schools and adjusting to life on the island. A source quoted by The Sun described Fury as telling friends that he had moved and that he looked forward to making the Isle of Man his home. The accounts of the family’s time on the island come as Fury continues to navigate his boxing career and public profile from afar. Earlier this year, Fury indicated he had retired for a fifth time, though speculation about a return to the ring remains in circulation in some boxing circles.

The decision to relocate places Fury in a growing, if not yet dominant, trend of high-profile Britons moving abroad to optimize tax planning. Fellow athletes and entertainers such as Amir Khan and Rio Ferdinand have relocated to Dubai in recent years, illustrating how tax policy and personal wealth management considerations influence where top earners choose to live. While Fury’s exact financial arrangements and future boxing plans remain private, the move to the Isle of Man underscores how fiscal policy can shape long-term career and lifestyle decisions for those at the pinnacle of their sport.

Residency specialists emphasize that the Isle of Man’s tax regime can be markedly more favorable for high earners, especially those who can manage a multi-jurisdictional financial footprint. In Fury’s case, the combination of a substantial fortune, a favorable cap on personal income tax, and the absence of capital gains and inheritance taxes on the island creates a compelling, if controversial, alternative to UK taxation. As discussions about the UK tax framework continue, Fury’s situation will likely be cited in debates over how tax policy affects wealth, mobility, and the economics of professional boxing.

<img alt="Tyson Fury on the Isle of Man" src="https://i.dailymail.co.uk/1s/2025/12/20/20/104910851-0-image-m-18_1766263147835.jpg " />