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

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