The Chipmunk must quit


Hazel Blears -- endearing red-head though she is -- is in deep trouble. The latest Telegraph release:

"Miss Blears sold the property in Kennington, south London, in August 2004 for £200,000, making a profit of £45,000. She admitted last night that she did not pay capital gains tax (CGT) on the profit from the sale because "no liability" had arisen.

The admission suggested that Miss Blears declared the flat as her primary residence for tax purposes while at the same time telling the Commons authorities that it was her second home, a designation that enabled her to claim hundreds of pounds in parliamentary expenses.


What does Her Maj's tax gatherer say on this again?

CGT is liable to be paid on the profit from the sale of any property that is not classified with HM Revenue & Customs as a "main residence". At the time of the sale Miss Blears had informed the Commons authorities that the Kennington flat was her second home, enabling her to claim mortgage interest payments on it at £850 a month.

So Hazel, you may be "..within the rules..", but you've broken the law. So what'll it be: apologise or apologise and resign?


_

28 comments:

CryBaby said...

She was extremely cagey in her interview on Sky news.

They all know they've been caught - it shows on their faces.

Julian said...

Yes, it does show in their faces.

Yesterday I saw Blears (on TV) scurrying away from her house to her vehicle, very uncomfortable and desperately trying to avoid looking into the camera.

That is NOT the usual Blears.

Guilty.

suigmypiel said...

On her upper lip, is that a moustache?

Thatsnews said...

Of course, encouraging everyone to dip their bread into the expenses gravy is a good way of ensuring acquiescence from everyone.

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