Blears to pay capital gains tax on flat sale
Decision follows criticisms over expense claims
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.
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleUK surplus climbs in January, as self assessment receipts higher than last year Read More...
View articleAdvisors say there is "no basis" under which MPs can claim against the cost of hiring accountants, following a dispute between HMRC and IPSA over the ...
View articleThe taxman and the Independent Parliamentary Standards Authority have clashed over MPs' business costs Read More...
View articleHundreds of senior public sector staff are paid through companies, despite working in their department for more than a year Read More...
View articleTreasury looks to ascertain the number of senior government officials working through limited companies Read More...
View articleLaw firm claims HMRC is to demand three valuations on estates Read More...
View articleTop 25 firm, Wilkins Kennedy, handled tax affairs for John Bercow, the new Speaker of the House of Commons under fire for ‘flipping’ the designation ...
View articleConservative leader, David Cameron sets up panel to examine Tory claims Read More...
View article