>Footballer Achraf Hakimi's wife filed for divorce and demanded half of his property.
>She was however informed by court that her "Millionaire' husband owns nothing as all his property is registered under his mother's names.
>Hakimi receives €1 Million from PSG monthly but 80% of this is deposited in his mother Mrs. Fatima's account.
>He has no property, cars, houses, jewelry or even clothes in his name.
Anytime, he wants anything, he asks his mother who buys it for him.
How would you do that without paying up the nose in taxes? Does he work for his mom’s company who gets a recruitment fee from the club?
You don't have to pay tax on gifts in some countries (UK for example), no idea where this guy or his mother live though.
PSG is Paris soccer (not only) club
We have some taxes on gifts in France so I bet it is some kind of individual company and it is the club that give the money to her
It does sound simpler to say "make out the check to my mom."
UK has a gift tax. Only up to £3000 per annum is tax free
That's sort of true, it's a 3k allowance per year relating to inheritance tax. So if you give someone 6k and die 2 years later, no tax. You give them 9k and 3k is taxable.
After 7 years it all becomes exempt.
It's basically to stop people bypassing inheritance tax by giving it all away.
So if you give it all away 7 years before you die then you don't pay tax on it?
That's my understanding 🤷