Cabinet ministers who have taken on mortgages on buy to let properties
IPSA does not hold the information that you request.
As you may be aware, IPSA abolished the mortgage interest subsidy available to MPs when introducing the new MPs’ Scheme of Business Costs and Expenses (‘the Scheme’) in 2010. The new Scheme contained transitional arrangements for returning MPs, including a process to recoup for the taxpayer an appropriate level of any capital gain made, details of which are available on our website.
These arrangements expired in August 2012 and IPSA no longer administers any expenses related to mortgages of properties owned by Members of Parliament.
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- 8 October 2013
- MPs' ACCOMMODATION
- Exemptions Applied: