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The Labour Party Has Helped Its Biggest Financial Backer Avoid Tax Worth Up To £1.5 million On Its Largest Donation So Far This Year

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http://www.telegraph.co.uk/news/politics/10102190/Donor-John-Millss-gift-to-Labour-avoided-tax-bill-of-1.5m.html

'John Mills gave the party shares in his shopping channel company, JML, valued at £1.65 million in January. In an interview with The Telegraph, Mr Mills said that the donation was made in shares rather than cash so the tax on the deal would be significantly reduced.

Interesting. I suppose this is due to a transfer of asset to an unconnected party (so no tax), rather then non charity qualifying giving through post tax income.

Oh well.. time for the labour party to pay its fair share by mailing 40% (or 50% if they like) of the windfall to the Treasury so George can spend it on...maybe help to buy..

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  • 246 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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