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 taxing profits on the sale of property. From 1 October 2015, any person selling a residential property within two years of purchase would be taxed on the profits at their marginal income tax rate. The seller's main home would be exempt, as well as properties inherited from deceased estates or transferred as part of a relationship settlement. To help enforcement, all buyers would need to supply their IRD number at settlement. The individual capital gains tax in Norway is 27%. In most cases, there is no capital gains tax on profits from sale of your principal home. This tax was