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Former youth sale !
By
bc-ad - 18-01-2019 00:28Can anyone inform me on how much tax is payed for the sale of a former youth player thank you.
Views: 162 Posts: 7
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Re: Former youth sale !
By
deleted_8537346 - 18-01-2019 01:19
https://www.managerzone.com/?p=manual_faq&cat_id=1362
Age - Tax Rate
19 - 25%
20 - 20%
21 (or older) - 15%
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Re: Former youth sale !
By
bc-ad - 18-01-2019 09:20Is that 25% of the sale price,or do you take his value off then 25%,thank you for reply.
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Re: Former youth sale !
By
deleted_8537346 - 18-01-2019 10:56
"Please note that profits on players who were a part of your club when you became manager, and youth players who began at your Academy, are calculated using their current value rather than purchase price."
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Re: Former youth sale !
By
bc-ad - 18-01-2019 12:06I understand that,but if he sells for £600 and his value price is £200 does he get taced on £600 or £400 ?
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Re: Former youth sale !
By
aldebaran - 18-01-2019 17:10
bc-ad wrote:I understand that,but if he sells for £600 and his value price is £200 does he get taced on £600 or £400 ?
400
the tax is applied on the amount of "profit"
"profit" = price sold - player value
if "profit" is negative, then no tax is deducted
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Re: Former youth sale !
By
bc-ad - 18-01-2019 19:59Thank you for your answers,im very appreciative, thanks.
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Re: Former youth sale !
By
obelisk - 19-01-2019 13:46raamatupood wrote:https://www.managerzone.com/?p=manual_faq&cat_id=1362
Age - Tax Rate
19 - 25%
20 - 20%
21 (or older) - 15%
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