The business of being a professional sportsperson: a taxing question / Chris Davies

Sport at the beginning of the 21st century, is very different from the turn of the 20th century, one of the major differences being the great increase in the level of professional sport due to the dramatic increase in television revenue, particularly from pay television. In Australia, this rise in p...

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Main Author: Davies, Chris
Format: Article
Language:English
Published: Faculty of Sports Science and Recreation 2011
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/22126/
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author Davies, Chris
author_facet Davies, Chris
author_sort Davies, Chris
building UiTM Institutional Repository
collection Online Access
description Sport at the beginning of the 21st century, is very different from the turn of the 20th century, one of the major differences being the great increase in the level of professional sport due to the dramatic increase in television revenue, particularly from pay television. In Australia, this rise in professional sport has seen a number of taxation cases involving sportspersons reach the High Court. The outcome of these cases is that the revenue attained by Olympic athletes in the form of grant money, prizemoney and sponsorships is now considered to be taxable income, while payments to managers to obtain playing contracts and other income are deductible expenses. It is also suggested that these cases have highlighted the fact that sports law is, in effect, all areas of law applied to the sporting context, and that this context can be a significant aspect of the case.
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spelling uitm-221262022-12-29T03:35:53Z https://ir.uitm.edu.my/id/eprint/22126/ The business of being a professional sportsperson: a taxing question / Chris Davies mjssr Davies, Chris Recreational areas and facilities. Recreation centers Malaysia Sport at the beginning of the 21st century, is very different from the turn of the 20th century, one of the major differences being the great increase in the level of professional sport due to the dramatic increase in television revenue, particularly from pay television. In Australia, this rise in professional sport has seen a number of taxation cases involving sportspersons reach the High Court. The outcome of these cases is that the revenue attained by Olympic athletes in the form of grant money, prizemoney and sponsorships is now considered to be taxable income, while payments to managers to obtain playing contracts and other income are deductible expenses. It is also suggested that these cases have highlighted the fact that sports law is, in effect, all areas of law applied to the sporting context, and that this context can be a significant aspect of the case. Faculty of Sports Science and Recreation 2011 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/22126/6/22126.pdf Davies, Chris (2011) The business of being a professional sportsperson: a taxing question / Chris Davies. (2011) Malaysian Journal of Sport Science and Recreation <https://ir.uitm.edu.my/view/publication/Malaysian_Journal_of_Sport_Science_and_Recreation.html>, 7 (1). pp. 44-63. ISSN 1823-3198 https://mjssr.com/journal
spellingShingle Recreational areas and facilities. Recreation centers
Malaysia
Davies, Chris
The business of being a professional sportsperson: a taxing question / Chris Davies
title The business of being a professional sportsperson: a taxing question / Chris Davies
title_full The business of being a professional sportsperson: a taxing question / Chris Davies
title_fullStr The business of being a professional sportsperson: a taxing question / Chris Davies
title_full_unstemmed The business of being a professional sportsperson: a taxing question / Chris Davies
title_short The business of being a professional sportsperson: a taxing question / Chris Davies
title_sort business of being a professional sportsperson: a taxing question / chris davies
topic Recreational areas and facilities. Recreation centers
Malaysia
url https://ir.uitm.edu.my/id/eprint/22126/
https://ir.uitm.edu.my/id/eprint/22126/