In a shocking list of advice being given out about capital gains tax, MPs were told:
“Don’t forget to claim expenses”
“Become a butterfly and flit between homes”
“Exploit personal allowances and minimise rates” and more.
The advice urges people to make use of “a range of little-known tax breaks” and quotes a tax advisor saying, “It is possible to reduce a tax bill of a few hundred thousand pounds to virtually zero”.
Oh wait. Hang on. That’s a list of advice that was written for the public and not just MPs, wasn’t it? And the list was written by the Daily Telegraph. Ooops.
Hat-tip: Allan Knox
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7 Comments
I think I got there first by 11 hours actually. https://www.libdemvoice.org/danny-alexander-issues-statement-on-his-capital-gains-tax-affairs-19762.html#comment-126078
An ironic twist on the “one law for them, another law for us” charge. Are we expected to believe that MPs shouldn’t be allowed to take advantage of the same “loopholes” that financially benefit the wider public?
If Coalition Liberal posted on Elaine bagshaw’s facebook page then hat tip is his as I said when tweeted and FB the piece – I just provided the link on a later comment
I don’t care about the hat tip 🙂
Yes, but come on, this is the Daily Telegraph. The Barclay brothers’ attitude to tax and good local governance in the UK and Sark means this valid point pushes them only slightly further into the “massive hypocrite” tent.
Don’t know who wrote the telegraph article but he’s about 3 years out of date with his CGT annual exemptions! Its 10,100 for this year !
OIC the article being quoted is 3 years old :-S