Heavyweight boxing champion Tyson Fury has officially left the United Kingdom, relocating his family to the tax-friendly Isle of Man. The move is a direct response to Chancellor Rachel Reeves's November budget, which introduced higher taxes for top earners, including a new levy on expensive properties.
Escaping the Mansion Tax
The Fury family, including wife Paris and their seven children, have swapped their former home in Morecambe, Lancashire, for a lavish six-bedroom property worth approximately £8 million near Douglas, the island's capital. The key trigger for the relocation was the so-called 'mansion tax' on homes valued over £2 million, a measure that would have directly impacted the Furys had they remained on the British mainland.
Official documents from Companies House now list Fury's residency as the Isle of Man, confirming the permanent shift. The self-governing British Crown Dependency offers a significantly more favourable tax regime, making it a popular destination for wealthy individuals seeking to protect their fortunes.
A Lucrative Financial Sanctuary
The tax advantages of the Isle of Man are substantial. While the UK's higher income tax rate is 40% (and 45% for earnings over £125,140), the island's top rate is just 21 per cent. Crucially for someone with Fury's estimated £160 million fortune, the island imposes no capital gains tax and no inheritance tax. Furthermore, it has an annual personal income tax cap of £220,000.
According to wealth management firm Equiom, to establish tax residency, an individual must spend six months on the island in a tax year or an average of more than 90 days per year over four consecutive years. Fury now joins a growing list of high-profile British sports stars, like Amir Khan and Rio Ferdinand, who have moved their financial bases abroad.
Settling into Island Life
The family is already embracing their new surroundings. Locals have spotted them out and about, including a reported £60 visit to Terry’s Tatos in Douglas for jacket potatoes. A source told The Sun that Fury "is very fond of the Isle of Man" and has been informing friends and residents of his plans to make it his permanent home. The couple are also said to be exploring local schools for their younger children.
Despite announcing his retirement from boxing in January, speculation about a future ring return persists. His long-time rival, Anthony Joshua, has publicly challenged Fury to a fight in 2026, daring him to "talk with your fists." Whether or not he returns to the sport, Fury's financial future now appears firmly anchored in the low-tax waters of the Irish Sea.
