Couple's tax trouble

Two of the UK's wealthiest stars could lose their home...

09:12 11 April 2011

Ozzy and Sharon Osbourne are at risk of losing their UK home, after running up £1million in tax debt, it is being reported.

According to the Sunday Mirror, the Osbournes are being chased by US authorities over two years of unpaid taxes.

Papers filed by the tax authorities show that "John and Sharon Osbourne", "self-employed" owe over $718,948 (£440,000) in tax from 2008 and $1,024,175 (£625,900) from the following year.

The pair, who have regularly been included on wealthiest couples lists, are said to be mortified.

Sharon, 58, posted a message on Twitter, appearing to blame herself for her and her husband's troubles:

"You can’t rely on anyone but yourself. You have to be on top of your own business affairs. My fault... lesson learned.”

The couple are said to have been hit by the recession and their wealth has apparently stagnated since the end of their reality television show.

However, if they sell one of their seven homes, it is likely that they would be able to pay the owed tax.