Keir Starmer paid almost £100k in tax last yr, summary of returns shows

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Keir Starmer paid £99,431 in tax last yr, in keeping with a summary of his returns launched by the Labour Party.

The summary confirmed almost half the whole – £44,308 – was paid in earnings tax whereas the Labour chief additionally handed over £52,688 in capital good points following the sale of a subject in December 2022 partly owned by himself and partly owned by his father’s property.

It was beforehand reported that Mr Starmer had bought a plot of land he had purchased in the Nineteen Nineties for his dad and mom, who used it to look after uncared for donkeys.

Reports on the time put the sale at £400,000. According to the newest tax summary, Mr Starmer gained £275,739 from the land sale.

Rishi Sunak revealed a summary of his personal tax affairs earlier this month, exhibiting that he paid £163,364 in tax on a complete earnings of £432,884.

The PM additionally paid £359,240 in tax on round £1.8m in capital good points from a US-based funding fund.

It was the second time he has revealed particulars of his earnings since getting into No 10 in October 2022 after changing Liz Truss.

Similarly to Mr Sunak, the Labour chief revealed “a summary” of his UK taxable earnings, capital good points and tax paid over the last tax yr as reported to HM Revenue & Customs, ready by his chartered accountants.

The one-page doc confirmed that he earned £79,098 as an MP, with an added wage of £49,193 for his function as chief of the opposition, bringing his earnings to £128,291.