For five years, Sir John submitted regular claims under the second home allowance for the cost of running his six-bedroom country house, which had a swimming pool and extensive grounds. He claimed £17,000 on servants’ quarters alone.
At the time, he designated a small flat in his Bournemouth constituency, bought for £56,000, as his “main home”.
When he sold the country property for £1.2 million in 2005, however, he informed HM Revenue & Customs that it was his “primary residence”, meaning he was exempt from capital gains tax.
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He should be in prison for Tax evasion!!!
Showing posts with label Tax Evasion. Show all posts
Showing posts with label Tax Evasion. Show all posts
Thursday, May 28, 2009
Sunday, February 08, 2009
Sleaze, Spin and How the Obamas are Already Turning Into Tony and Cherie Blair
Well, that didn't take long. Less than a fortnight into Obama's presidency, the gloss is off already. Looks like the new president has come out as what he was all along: a Chicago Democrat politician surrounded by cronies who've been failing to pay their income tax.
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