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 example, If the equity share/mutual fund is purchased 6 months before 31 January 2018 (i.e. 31 July 2017) at Rs 10,000 and the highest price quoted on 31 January 2018 is Rs 12000. There will be no tax on the sale if the stock or fund sold after 1 year. However, any gains in excess of Rs 2000 earned after 31 January 2018 will be taxed at 10% if this share /Mutual fund(equity) is sold after 31 July 2018. Capital Gains Tax Rates for Fiscal Year 2017-18 (Assessment Year 2018-19) Since 5 December 2012, there is a 33% tax on