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 CJ Cup Byron Nelson

Published

4 days ago

Apr 30, 2024

GolfWRX Staff

GolfWRX is on site this week in McKinney, Texas, at the 2024 CJ Cup Byron Nelson (FKA the AT&T Byron Nelson).

Last year at TPC Craig Ranch, Jason Day ended a five-year winless streak. J-Day is in the field again, as are Jordan Spieth, Tom Kim, and Will Zalatoris.

We have our usual assortment of general galleries, WITBs, and pullout albums for your perusal. As always, we’ll continue to add links to additional albums as they make their way to us from the Lone Star State.

Check out links to all our photos below.

General Albums

WITB Albums

Pullout Albums

See what GolfWRXers are saying in the forums.

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Tour Photo Galleries

Photos from the 2024 Zurich Classic of New Orleans

Published

2 weeks ago

Apr 23, 2024

GolfWRX Staff

GolfWRX is live on site this week at the Zurich Classic of New Orleans for the PGA Tour’s one-and-only two-man team event.

As usual, general galleries, WITBs, and pullout albums — including some pretty spicy custom putters and headcovers — await your viewing.

Be sure to check back for more photos from the Big Easy, as we’ll continue to update this page with additional galleries throughout the week.

General Albums

WITB Albums

Pullout Albums

See what GolfWRXers are saying about our photos from the Zurich Classic of New Orleans in the forums.

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Tour Photo Galleries

Photos from the 2024 RBC Heritage

Published

3 weeks 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.