Two Ex Premier League stars attempted suicide over tax relief scheme debts

Two Ex Premier League stars attempted suicide over tax relief scheme debts

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TWO former Premier League stars attempted suicide over tax relief scheme debts, it has been claimed.

According to Mirror’s report, two former Premier League stars attempted suicide over tax relief scheme debts, it has been claimed.

Some investors have been told to pay up to £1.5million in tax.

Those who backed Ingenious thought they qualified for tax breaks supporting the film sector.

But HMRC said it was tax avoidance as the relief was claimed on artificial losses.

Welfare group Xpro, set up to assist footballers, says 20 of the 40 players it represents are facing ruin.

Xpro chief Geoff Scott told the Mirror: “We are trying to find them help.

“Many were not on big contracts, and have modest lifestyles now.

“We need to get players better advice right across the game.

“We had to point some to debt advisors who tell them the best way of going bankrupt, and that is a sorry state of affairs.”

Ingenious said it only ran investments and did not offer financial advice.

There is no suggestion of fault for losses.

The firm is fighting the case at a tax tribunal.

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