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Formula 1 world champion loses £55 million tax battle over Hampshire estate
The tribunal said the farming trade was not run commercially, blocking Scheckter from offsetting nearly £3.8 million in losses.
Summary by Basingstoke Gazette
8 Articles
8 Articles
Basingstoke GazetteReposted by 
Daily Echo
Daily EchoFormula 1 world champion loses £55 million tax battle over Hampshire estate
Former F1 champion Jody Scheckter loses £3.8m HMRC tax appeal over Hampshire farm losses; tribunal rules Laverstoke Park trade non-commercial on September 3
·Basingstoke, United Kingdom
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Jody Scheckter is going through a particularly difficult period, almost half a century after his title as Formula 1 World Champion won with Ferrari in 1979. The former South African driver, now 76 years old, has just lost a major judicial battle against the British tax administration regarding the losses accumulated by his farm in Hampshire. After investing nearly 70 million euros in this project, Scheckter is now dreading (...)
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