TaxCorporate TaxLibDems demand HMRC probe into Tory tax deal

LibDems demand HMRC probe into Tory tax deal

Purchase of former HQ saved £600,000 in stamp duty

The Liberal Democrats have called on HM Revenue & Customs to investigate
the offshore transaction that allowed the Conservative Party to purchase its
former London headquarters.

Lord Oakeshott, the Liberal Democrat Treasury spokesman, told The
Observer
, that the offshore deal was ‘not the way a political party should
behave and claimed HMRC could lose out on more than £1.2m in stamp duty.

The deal to buy the property in Smith Square and a connecting plot in Tufton
Street for £15.65m was negotiated by businessman Christopher Moran in 2005.

The party is now hoping to sell the properties for more than £30m, using
the profits to help fund the party’s election campaign

Related Articles

‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

2w Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

1m Emma Rawson
R&D incentives: How businesses can reap the rewards of innovation

Corporate Tax R&D incentives: How businesses can reap the rewards of innovation

2m Sam Swansborough
Q&A with the Financial Secretary to the Treasury

Corporate Tax Q&A with the Financial Secretary to the Treasury

3m Emma Smith, Managing Editor
Guide to the UK corporate tax system

Corporate Tax Guide to the UK corporate tax system

3m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

2m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

3m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

3m Emma Smith, Managing Editor