Tyson Fury, the undefeated heavyweight boxing champion, has made a significant decision to relocate his family from the UK to the Isle of Man. The move comes in direct response to the Labour government’s recent budget, introduced by Chancellor Rachel Reeves, which increased tax rates on higher earners in England.
Fury and his wife Paris, 36, who together have seven children, are now residing in a luxurious six-bedroom mansion valued at £8 million, located near Douglas, the Isle of Man’s capital. This move offers them a substantial reduction in tax liability, as the Isle of Man’s top tax rate stands at 21 percent, compared to England’s 40 percent higher rate and a 45 percent rate for income above £125,140. Moreover, the Isle of Man caps personal tax payments at £220,000 annually.
Sources close to Fury reveal he is enthusiastic about his new home and has been actively engaging with the local community. The couple has also begun exploring schooling options for their youngest children, signaling a long-term commitment to their new residence.
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Public records from Companies House confirm the relocation, listing Fury’s official country of residence as the Isle of Man as of December 1. Fury remains director of his company, Tyson Fury Ltd.
This relocation follows recent public exchanges with fellow heavyweight boxer Anthony Joshua, who challenged Fury to a potential future fight after Fury’s victory over Jake Paul. Joshua urged Fury to demonstrate his fighting spirit in the ring rather than on social media, reigniting speculation about a possible blockbuster bout between the two boxing stars.