TaxPersonal TaxBlears to pay capital gains tax on flat sale

Blears to pay capital gains tax on flat sale

Decision follows criticisms over expense claims

Communities secretary Hazel Blears has promised to pay £13,332 in capital
gains tax on the sale of her second home, the BBC reported.

Her London flat was her ‘second home’ on which she claimed expenses, but she
did not pay CGT when she sold it, despite it not being considered her main place
of residence.

Ms Blears said she was paying the CGT to silence public opposition and that
she had acted within the rules, adding that she thought it was the right thing
to do.

The information came to light in revelations made by the Daily Telegraph over
the weekend of details of MPs’ expense claims and receipts that were leaked to
the newspaper.

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