Professional boxer – earnings?

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  • #31663
    Lee Horwell
    Participant

    Please could anyone advise as to whether a boxing ‘purse’ for a professional boxer is classed as earnings. I’ve checked the definition of an ’employed earner’ and ‘self employed earner’ and can’t see that the money he received (£8000 for one fight) could be classed as anything else/capital etc.

    Wonder if I’ll ever get asked this question again!! 😀

    #88558
    peterdelamothe
    Keymaster

    I am sure this would be treated as self-employed earnings. From the fee he would have to pay a percentage to his manager / trainer etc. Interesting to see what you would allow as expenses though.

    #88559
    Lee Horwell
    Participant

    Thanks Peter. 😀

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