Hazel Blears Blears had been claiming MPs' second home expenses relating to the flat. She had made a £45,000 profit on its sale without paying capital gains tax. On 12 May she volunteered to pay the £13,332 capital gains tax she had avoided on the sale of her second home. It was subsequently claimed that Gordon Brown had ordered her to repay the sum. In Salford she was met by a number of angry protesters and stayed in a local hotel rather than at home. Following an investigation by Sir Thomas Legg, Blears was told to repay £225 in expenses in relation
Capital gains tax no separate tax on capital gains; rather, gains or gross receipt from sale of assets are absorbed into income tax base. Taxation of individual and corporate taxpayers is distinctly different: Capital gains are subject to a 15% tax for residents and 20% for nonresidents (based on the tax assessment). There is no capital gains tax in Sierra Leone. There is no capital gains tax in Singapore. For professional traders and who trade frequently, the profit is considered a sourced income in Singapore and subject to tax. Individuals pay 19% or 25% capital gains tax. In addition, as a world rarity,