Details of capital gain incurred by Jeremy Hunt MP
By way of background, IPSA abolished the mortgage interest subsidy, previously available to MPs, when introducing the new Scheme for MPs’ Business Costs and Expenses 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 for MPs who made claims for mortgage interest. These arrangements expired in August 2012.
Mr Hunt did not make any claims for mortgage interest subsidy from IPSA and is not therefore required to repay to IPSA any capital gain for the property he owns. IPSA does not therefore hold the information that you have requested.
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- 24 February 2015
- MORTGAGE INTEREST
- Exemptions Applied: