TaxPersonal TaxPeer urged to clarify his tax status

Peer urged to clarify his tax status

Lord Ashcroft has his residency status, for tax purposes, questioned again

A peer funding the Tories has again had his residence status questioned,
after earlier pledges he would return to the UK and pay income tax.

Lord Ashcroft, who was named a peer seven years ago after then Tory leader
Willliam Hague pledged Ashcroft would return to live in the UK and pay tax,
today faced calls to explain his situation.

In 2004 Lord Ashcroft’s main residence was declared in the House of Lords
register as based in Belize, reported the
Guardian
today.

A spokesman for Lord Ashcroft countered, saying he did not have a main UK
residence at the time and denied he had reneged on assurances given before
receiving his peerage.

‘He has given assurances, it’s up to him to show he has kept them,’ Lib Dem
spokesman David Heath told the newspaper.

Further reading:

The
Guardian’s story

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