Gifts to sportsmen
04/12/1996
Query
Whether gifts to amateur sportsmen are taxable receipts in the hands of those sportsment
Decision
In general, where the recipient is a sportsperson who engages in the sport purely for recreational purposes ( i.e. is not carrying on a trade or profession as a sprotsperson or is not an employee of the club etc.. which provides the gift, it would be regarded as a gift which would not give rise to an Income Tax liability. However, the circumstances of each case would need to be considered, before giving a definitive answer.
Income Tax
Section 18, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT962011