Tour News

McIlroy, McDowell cited in U.K. tax probe

Published

9 years ago

Feb 13, 2015

If you thought Rory McIlroy’s pre-Masters legal distractions were behind him after last week’s $20 million-plus settlement with former management Horizon Sports, you’d be wrong. The Ulsterman is cited (along with Graeme McDowell) in a U.K. tax probe, which could have serious financial ramifications.

At issue: potential dubious dealings by programs Rory McIlroy and Graeme McDowell invested in. Thus, the duo is only potentially engaged in disreputable behavior by association. Valhalla Private Client Services allegedly “unfairly exploited incentives designed to boost run-down city centers, under which the investors could claim tax relief,” according to a story in the Mirror.

One such property: the Titanic Hotel in Liverpool.

[quote_box_center]“Golf star Rory McIlroy and other investors could be hit with accelerated payment notices (APN) after collectively investing £10m in the scheme which helped fund the new Titanic Hotel complex in Liverpool’s docklands,” according to a report in the Liverpool Echo. [/quote_box_center]

HMRC is investigating whether the schemes unfairly avoided tax by exploiting the Business Premises Renovation Allowance (BPRA) programme, under which investors can claim up to 100 percent tax relief on expenditure.

In 2013, after the Coalition extended its run to 2017, Treasury Minister David Gauke warned many BPRA funds were unfairly exploiting these tax advantages, branding them “seriously flawed.”

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Tour Photo Galleries

Photos from the 2024 RBC Heritage

Published

6 days ago

Apr 16, 2024

GolfWRX Staff

GolfWRX is on site this week at Harbour Town Golf Links on Hilton Head Island for the RBC Heritage. Plenty of golfers who competed in the Masters last week will be making the quick turnaround in the Lowcountry of South Carolina as the Heritage is again one of the Tour’s Signature Events.

We have general albums for you to check out, as well as plenty of WITBs — including Justin Thomas and Justin Rose.

We’ll continue to update as more photos flow in from SC.

Check out links to all our photos, below.

General Albums

WITB Albums

Pullout Albums

See what GolfWRXers are saying and join the discussion in the forums.

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Tour Photo Galleries

Photos from the 2024 Valero Texas Open

Published

3 weeks ago

Apr 1, 2024

GolfWRX Staff

GolfWRX is on site this week at the Valero Texas Open.

The event has been around since 1922, making it one of the oldest on the PGA Tour calendar. Over the years, it’s been held at a variety of courses across the Lone Star State, but it’s found its home at TPC San Antonio in recent years. Some of the biggest names in golf have taken home the title here, including Arnold Palmer, Ben Hogan, Lee Trevino, and Ben Crenshaw.

GolfWRX has its usual assortment of general galleries, WITBs and special pull-out albums. As always, we’ll continue to update the links below as more photos come in from TPC San Antonio.