Lewis Hamilton has been reassured the tax situation involving his private jet is “above board” according to his representatives after the four-time world champion was named in the recently leaked Paradise Papers.
The documents uncovered and given to German media over the weekend, revealed the financial dealings of many top politicians and businessmen who have stored money in tax havens.
In the case of Hamilton, it is claimed by the BBC that the 32-year-old was given a £3.3 million VAT refund from HMRC (the UK tax office) after relocating his Bombardier Challenger 605 to the Isle of Man, a small island located between the North West coast of England and Northern Ireland.
In response to the report, his representative insists the dealings have been cleared as legal by tax barristers and asked for comment by ESPN, added: “As a global sportsman who pays tax in a large number of countries, Lewis relies upon a team of professional advisers who manage his affairs.
“Those advisers have assured Lewis that everything is above board and the matter is now in the hands of his lawyers.”
His plane is registered under the initials G-LCDH (Lewis Carl Davidson Hamilton) and is declared as used for business matters, predominantly flying him around the world to races and promotional events, with around 30% for private usage, holidays etc.
