World heavyweight boxing champion Tyson Fury has made a sensational exit from the United Kingdom, relocating his entire family to the Isle of Man. The move comes directly in response to tax increases announced by Labour Chancellor Rachel Reeves in her recent Budget.
A Tax-Driven Exodus to the Isle of Man
The 37-year-old Fury, along with his wife Paris, 36, and their seven children, is now residing in a lavish six-bedroom mansion on the island, reportedly worth around £8 million. Official documents filed at Companies House and dated 1 December confirm the change, listing Fury's country of usual residence as the Isle of Man.
The financial incentive for the move is clear. On the Isle of Man, the higher rate of income tax is capped at 21%, a stark contrast to the 40% rate for higher earners in mainland UK. For top earners like Fury, whose income exceeds £125,140, the difference is even more pronounced, as they would face a 45% top rate in the UK.
Furthermore, the island imposes a personal income tax ceiling of £220,000 per individual per year, a significant potential saving for high-net-worth individuals. A source close to the boxer stated: “Tyson has been telling pals that he has moved to the island. He is very fond of the Isle of Man and has been telling residents that he is looking forward to making it his home.”
Family Life and Business in a New Home
The Fury family has settled near the capital, Douglas, and is actively putting down roots. The couple have been scouting local schools for their youngest children, indicating a long-term plan for their life on the self-governing Crown Dependency. Tyson Fury remains listed as the director of his company, Tyson Fury Ltd, which has now officially recorded the change of residence.
Boxing Rivalry Intensifies Amid Personal Change
The news of Fury's relocation broke shortly after his long-time British rival, Anthony Joshua, publicly called him out for a fight. Following his own victory over Jake Paul, Joshua challenged Fury to step away from social media and into the ring.
“If Tyson Fury is as serious as he thinks he is, and he wants to put down his Twitter fingers and put on some gloves and come and fight one of the realest fighters out there that will take on any challenge, step into the ring with me next if you’re a real bad boy,” Joshua said. “Don’t do all that talking: ‘AJ this, AJ that’. Let’s see you in the ring and talk with your fists.”
This exchange reignites talks of a potential blockbuster heavyweight clash that has been anticipated by fans for years, now set against the backdrop of Fury's major personal and financial decision to leave the UK.
