Colm Cooper won't have to pay tax on the money raised from his upcoming testimonial dinner.
It was reported yesterday that the Revenue Commissioners will not tax the estimated €250,000 that will be made from the event, which is the first of its kind for a GAA player. The cost of booking a table of 10 for the dinner on Friday, October 27 at the Intercontinental Hotel in Ballsbridge is €5,000.
Revenue confirmed money earned is not taxable where the player was not obliged - either "contractually or by custom" - to hold a testimonial.
Some of the proceeds from the event, which many see as another step on the road to a professional game, will go towards the Kerry Cancer Support Group and Our Lady's Hospital for Sick Children in Crumlin.
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