we dont tax money transfers, taxes are on profit or capital gains.
as a player registration (which is really what you are transferring, as players arent "owned" obvs) isnt a tangible asset (?) i dont believe it would have any CGT, so unless the football clubs turn a profit, no taxes will be incurred.
So you can get taxed on your house but a 30m transfer for example is taxed nothing?
So you can get taxed on your house but a 30m transfer for example is taxed nothing?
So you can get taxed on your house but a 30m transfer for example is taxed nothing?
I'm no expert .....
All limited companies must pay corporation tax on profits.
So if you buy a player for £1m and sell for £2m there is a £1m gain
However, if treated as an asset these are accounted for quite differently.
Normally an asset is depreciated over a period of time - example: IT kit is assumed to have e.g. a 4 year "life" so a quarter of it's value is taken in the accounts as a "cost" aka depreciation charge.
With football players, their "asset life" and value are way more volatile so I have no idea how they are accounted for.
VAT when we buy or sell something ?
So a club isn't buying a player's services? I'm just playing devils advocate here.