The investigation into the fiscal records of the coach of the Real Madrid and he does it with bad news for him. Magistrate María Inmaculada Lova considers him responsible for a fraud against the public Treasury corresponding to 2014 (amounting to 386.361 euros), so the Italian coach will have to sit on the bench.
The conclusion of the report, according to The worldpoints to that Ancelotti hid from the Treasury the image rights derived from his advertising contracts after signing for Real Madrid in 2013: “As a taxpayer, he submitted declarations corresponding to personal income tax in 2014 in which he recorded the personal work remuneration received from Real Madrid, not including any income from the exploitation of their image rights”, reads the report. “Neither those derived from his relationship with Real Madrid nor those received as a result of signing contracts related to other brands or companies.” He did correctly declare his salary as coach of the merengue team, which amounted to 5,810,963 euros.
Ancelotti pleaded guilty: “I was badly advised”
In his statement to the court, the former soccer player acknowledged the facts and attributed them to bad advice. Everything indicates that the trial will close with a prison sentence that does not imply his entry, the payment of the defrauded quota (386,361 euros) and the corresponding sanction.
However, it is not all bad news for Ancelotti, who has been freed from the second tax offense that was attributed to him, referring to taxation for the 2015 financial year. The coach joined Real Madrid in 2013 and two years later signed for Bayern Munich. He declared a total income from both clubs of 14,863,117 euros and he did so in the United Kingdom, which he considered his tax residence. The Tax Agency, however, attributed more than 183 days of permanence in Spain and claimed the taxes, but the magistrate of the Investigating Court number 35 of Madrid considers it proven that Ancelotti only remained 155 days in our country in this period: “He resided during the last seven months of 2015 outside of Spain, mainly in Canada, the United Kingdom and Italy, establishing his tax residence in the United Kingdom (…) He returned to Spain only one day in September and four in November”. The judge has also harshly reprimanded the Treasury, assuring that Ancelotti “filed a tax return in Spain by mistake”, for which reason “it cannot be considered a confession or admission of guilt”.
For all these reasons, the magistrate has ordered the lifting of the embargo on Ancelotti’s salaries, imposed when he returned to Real Madrid in 2021 and which amounted to 1,420,120 euros.
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