Mps Use Expenses to Dodge Death Tax ; the Mail On Sunday Investigations Unit How the Taxpayer Funds Trust Which Allows Sir Nicholas and Lady Ann to Avoid Inheritance Tax

Summary

---

A HUSBAND-and-wife MP couple have claimed Pounds 165,000 in Commons expenses for their Pounds 700,000 second home six years after they paid off their mortgage.

Tory politicians Sir Nicholas Winterton and his wife Ann switched their fashionable London apartment to a family trust and used their parliamentary allowances to avoid death duty.

See the full content of this document

Extract

---

Mps Use Expenses to Dodge Death Tax ; the Mail On Sunday Investigations Unit How the Taxpayer Funds Trust Which Allows Sir Nicholas and Lady Ann to Avoid Inheritance Tax

Using a loophole in Commons rules, they claim more than Pounds 30,000 a year in rent from the public purse which is paid to a family trust set up for their two children. The extraordinary arrangement has allowed them to benefit in two ways.

Their family has obtained Pounds 165,826 in rent for a home which they bought outright in 2002. And they stand to make a saving of up to Pounds 28...

See the full content of this document

---