Bedroom tax and Council Tax Benefit Reforms hit the locals and Salford MP Hazel Blears has now been hard at it, doing what she does best hitting the second home subsided profit scandal.
Blears who over a duration of just over four years claimed £50,000 from the tax payer to pay the mortgage of her second home in London, it has now been reported how Blears has cashed a second time and sold the home and got a £120,000 profit, and has only paid a mere £7,664 back to cover the gains that the property made in a 15 month period.
MP’s over the years have made huge profits on the sale of their second home paid for by the tax payer, of the 29 MP’s ordered by the Independent Parliamentary Standards Authority (IPSA) to pay back a total of almost half a million pounds was Hazel Blears, MP for Salford and Eccles - who had to re-pay £7,644 on gains made from the sale of her London property in Clerkenwell, the figure only relates to the value gain of her second home over a 15 month period, from June 2010 to August 2011 – a transitional period following the abolition of mortgage interest subsidy by the IPSA in the wake of the MPs expenses scandals. The IPSA today confirmed that MPs don't have to pay anything for value gains on property made before June 2010.
Salford Labour spokesperson said on Hazels smugly says “Hazel sold her London home in August 2011 and therefore stopped claiming mortgage interest at this point - a year earlier than required by IPSA, Her expense claims in relation to this home were all in line with IPSA guidelines and she has fully paid the amount requested to cover capital gains following the sale of the property."
Blears first caught out in 2009 fiddling the expenses system and shafting the tax man, went on TV and publicly handed in a cheque to the Inland Revenue to cover £13,332 in Capital Gains Tax she had `avoided' on the sale of two other properties in London which made a £45,000 profit. The last of these was sold in 2004, following which she bought the property in Clerkenwell which the media valued at £500,000 in 2009.
It’s also publicly known and revealed that between 2004 and 2008 Hazel Blears had claimed £51,523 in mortgage payments for second homes and a few hotel stays. In October 2008 her mortgage balance on the property she recently sold was £285,867 and repayments reached a high of £1,287 a month. During the transition period of the abolition of the subsidy (June 2010 – August 2011) Blears claimed £5,925 in mortgage interest. And sold the property in the month it ended, making a huge profit.
Salford British National Party spokesman tells correspondents “It’s really not acceptable, the council are cutting front-line services, they can’t even afford to pay for repairs on properties, you have the bedroom tax and council tax benefit reform hitting the poorest people in Salford right in the pocket, the ordinary people living in this city are struggling to make ends meet, The Salford Labour Party are very expensive to have around, Hazel is not on her own in this taxing from the taxpayer, just take a look at some councillors wages and even the mayor himself, who has tapped in to £69,000 of Salfordians money, and he also has a second home in London, again bought from the tax payer from when he was a MP, who he rents out to the Bradford Labour MP.”