General   (General discussion, talk about anything.)

Broady

Ecclestone paid his tax on earnings normally. The back tax referred to an overseas trust fund the ownership of which was disputed. If he owned it he would have to pay tax on money earned from investments held by the trust. If it was owned by a family member based overseas there would be no liability for UK tax. It sounds like his advisers didn’t brief him fully or made a mistake in drawing up the trust deed.

Tax