The Work and Pensions Secretary avoided paying capital gains tax (CGT) on the sale of his second home, it has been revealed.
James Purnell also used taxpayers' money to pay for advice on avoiding the tax from an accountant. The latest revelations on MPs expenses from The Telegraph, could force the Work and Pensions Secretary to resign his post, after the Prime Minister promised to come down hard on MPs who abused the system. Purnell avoided paying CGT on his London flat by listing it as his primary residence with tax authorities, while informing the Parliament fees office that his Manchester home was his primary residence. He also claimed £395 of taxpayers' money to pay for the accountant who advised him...
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