Keir Starmer paid £99,400 in UK tax on £404,000 of earnings, Labour reveals | Keir Starmer

  • Politics
  • February 17, 2024
  • No Comment
  • 59

Keir Starmer paid £99,431 in UK tax on earnings of £404,030 last year, according to a summary released by the Labour party.

The Labour leader’s tax summary for 2022-23 was published a week after Rishi Sunak’s, which revealed the prime minister paid more than £508,208 in UK tax last year on earnings of just over £2.2m.

Starmer earned £128,291 from his salaries as an MP and leader of the opposition, and paid £44,308 in income tax in 2022-23.

He also paid £52,688 in capital gains tax on earnings of £275,739 from the sale of a field in December 2022.

The field was partly owned by himself and his father’s estate. It was previously reported that Starmer had sold a plot of land he had bought in the 1990s for his parents, who used it to care for neglected donkeys.

Similarly to Sunak, Starmer published “a summary” of his UK taxable income, capital gains and tax paid over the last tax year as reported to HMRC, prepared by chartered accountants.

The one-page document showed that he earned £79,098 as an MP, with an added salary of £49,193 for his role as leader of the opposition.

Sunak’s tax summary, published by Downing Street, showed that he paid £163,364 in tax on a total income of £432,884. He also paid £359,240 in tax on about £1.8m in capital gains from a US-based investment fund.

The prime minister first published his tax return in 2023, showing he had made nearly £5m over the previous three years due mostly to his US investment fund income. Sunak’s personal wealth and his links to the US have been sensitive issues for him.

#Keir #Starmer #paid #tax #earnings #Labour #reveals #Keir #Starmer

Related post

Child exploitation and cuckooing to be made criminal offences

Child exploitation and cuckooing to be made criminal offences

Child criminal exploitation and “cuckooing” are set to become specific criminal offences as part of new legislation being introduced to Parliament…
£3,000 rents cause fears for people living near Sizewell

£3,000 rents cause fears for people living near Sizewell

George King BBC News, Suffolk Reporting fromLeiston, Suffolk Zoie O’Brien/BBC Linda Druce from Druce Estate & Letting Agents said Sizewell C…
Barcelona’s Hansi Flick: Ref-bashing in Spain unbelievable

Barcelona’s Hansi Flick: Ref-bashing in Spain unbelievable

Sam Marsden Moises Llorens Feb 21, 2025, 09:12 AM ET Barcelona coach Hansi Flick launched an impassioned defence of referees in…

Leave a Reply

Your email address will not be published. Required fields are marked *