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 capital gains taxes in Jamaica. In Japan, there were two options for paying tax on capital gains from the sale of listed stocks. The first, , taxed all proceeds (regardless of profit or loss) at 1.05%. The second method, declaring proceeds as , required individuals to declare 26% of proceeds on their income tax statement. Many traders in Japan used both systems, declaring profits on the Withholding Tax system and losses as taxable income, minimizing the amount of income tax paid. In 2003, Japan scrapped the system above in favor of a flat 20% tax on gains, though the rate