10:40 AM, 16th April 2019, About 2 years ago 1
The Mirror has revealed 16 MPs who invest in Buy to Let in London and still claim rental expenses from the taxpayer for staying in the city!
This is after the Tory government announced its latest attack on the Private Rental Sector with a proposed ban on the use of Section 21 evictions leaving effectively open ended tenancies.
Examples of this hypocritical activity are:
Tory Trade Secretary, Liam Fox – has claimed £150,000 for a home in the capital since 2012, but has earned £10,000 per annum renting a property tax payers helped him to purchase
Tory MP for Shipley, Philip Davies – bought a £275,000 flat in South London in 2005 designated it as his second home claiming £58,247 in mortgage interest from 2005 to 2009 and has claimed rental expenses of £147,775 since 2010.
Tory MP for Scarborough and Whitby, Robert Goodwill – bought a £295,000 flat in 2006 and claimed £9,731 in stamp duty and legal costs. He has since then claimed £41,62 mortgage interest from 2006 and 2009. From 2012 the rules changed so MPs could not claim mortgage interest so instead he moved into a rented flat and claimed £123,000 in rent from the taxpayer over 8 years along with earning rental income from the Londond flat since 2012.
Click here to read the full article and further examples.
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