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

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter