Tyson Fury and his family have quit the UK and moved to the Isle of Man following Rachel Reeves‘ tax-raiding budget.

It is understood that the Boxing champ and his wife Paris – with whom he shares seven children – are now living in a six-bedroom £8million home close to the island’s capital Douglas.

The family had previously lived in Morecambe, Lancashire, but are said to be ‘very fond of the Isle of Man.

The Chancellor targeted high earners in November’s tax-rising budget which slapped a mansion tax on properties worth over £2million – which would have impacted the Fury’s home

Income tax rates in the self-governing British Crown Dependency are less than half of those in the UK with the higher tax rate set at 21 per cent compared to 40 per cent for higher rate taxpayers on the mainland.

But those earning over £125,140, such as Fury, it is set at 45 per cent.

The island has a ceiling of £220,000 on the amount of personal income paid by an individual each year. And perhaps most crucial for Fury, and his £160million fortune, there is no capital gains tax or inheritance tax on the Isle of Man.

Fury’s move was revealed after he changed his residency to the Isle of Man on Companies House documents.

Tyson Fury in Riyadh, Saudi Arabia, in May 2024. Fury and his family have quit the UK and moved to the Isle of Man

Chancellor Rachel Reeves during last month’s budget. The Chancellor targeted high earners in November’s tax-rising budget which slapped a mansion tax on properties worth over £2million

Douglas the Isle of Man’s capital where it is understood Fury and his wife Paris – with whom he shares seven children – are now living in a six-bedroom £8million

Meanwhile, locals have already spotted the island’s new famous residents with the family reportedly spending £60 on jacket potatoes at Terry’s Tatos in Douglas last week.

A source told The Sun: ‘Tyson has been telling pals that he has moved to the island.

‘He is very fond of the Isle of Man and has been telling residents that he is looking forward to making it his home.

‘The couple have also been checking out schools in the area for their youngest kids.’

According to a 2024 report by Equiom, a wealth management company, in order to gain tax residency on the Isle of Man a person must spend ‘six months on the Isle of Man in any tax year or more than 90 days per tax year on average over any four consecutive years.’

Fury has joined a long list of other high profile brits who have moved abroad in recent years including fellow boxer Amir Khan and footballer Rio Ferdinand who both now live in Dubai.

In January this year, Fury announced his fifth retirement from boxing but this has not stopped speculation that he could return to the sport in the future.

Following his victory against YouTuber Jake Paul, Anthony Joshua has now gone public with his intention to fight him in 2026.

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Fury and Paris in April 2022. Locals have already spotted the island’s new famous residents with the family reportedly spending £60 on jacket potatoes at Terry’s Tatos in Douglas last week.

The town of Peel in the Isle of Man. Income tax rates in the self-governing British Crown Dependency are less than half of those in the UK with the higher tax rate set at 21 per cent compared to 40 per cent for higher rate taxpayers on the mainland

The Daily Mail understands the pair are being lined up for their long-awaited showdown as part of Riyadh Season by Saudi supremo Tukri Alalshikh.

‘We shook off the cobwebs and I can’t wait to roll into 2026,’ Joshua said. ‘And if Tyson Fury’s as serious as he thinks he is, and he wants to put down his Twitter fingers and put on some gloves and come and fight one of the realest fighters out there that will take on any challenge, step into the ring with me next.

‘If you’re a real bad man, don’t do all that talking, ‘AJ this, AJ that,’ let’s see you in the ring and talk with your fists.’