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The importance of tax for professional sports people, part two; in this episode with Martin Rankin, we discuss the tax liability issues contented with image rights.Listen to part one on ‘Current issues with agent’s fees’.What is an image right?Image rights concerns the various rights an individual holds of their own persona, it is something that is intangible and they rightfully exist in varying degrees for commercial appeal. For example, could be someone’s name, nickname, photograph, likeness, signature, personal brand, a slogan, logos associated with the player etc.One of the phrases that the tax authorities state is the concept of an image right is one that is not recognised under English Law. It certainly is recognised in other jurisdictions such as France, Germany, the US. The Guernsey authorities have now produced a register where a high-profile or not so high-profile individual; living or dead, can come forward with the executors (in the case of deceased person) to register image rights as an asset that is owned. Show links:Article: What footballers need to know about image rights deals The Sports & Media podcast page Smith & Williamson’s Sports, media & entertainment webpage This episode was recorded on 25/11/2020This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of any action taken or refrained from as a result of what is said. The views expressed are not necessarily those of the presenter or of Smith & Williamson or any of its affiliates. No reproduction of this podcast may be made in whole or in part for professional or recreational purposes. No action should be taken based on this podcast and we accept no liability if we change your views on any of the subjects mentioned.Tax legislation is that prevailing at the time, is subject to change without notice and depends on individual circumstances. Clients should always seek appropriate tax advice from their financial adviser before making financial decisions. HMRC Tax Year 2020/21