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Fernando Alonso has returned to live in his native Spain even though it will cost him a staggering £50million in tax.

The double world champion (below) had been living in Switzerland to cut his tax bill.

Over the winter he moved back to Oviedo in northern Spain to be closer to his family and friends.

But the move will cost him a third of his staggering new £150m contract with Ferrari.

Alonso admitted: "It's great to go home. I'm happy to pay the money. I'm not poor - just a little bit less rich now."