Sunak paid over £1 mn in UK tax over last 3 years

Wednesday 29th March 2023 05:44 EDT
 
 

Rishi Sunak paid more than £1 m in UK tax over the last three years, details of the prime minister's financial affairs show.

The UK tax was paid on earnings of more than £4.7 mn from income and a US-based investment fund. Sunak first said he would publish a tax return during his unsuccessful campaign to be Tory leader last year. He faced calls to be transparent about his finances after it emerged his wife, Akshata Murty, had non-dom status.

The tax details came as MPs questioned former Prime Minister Boris Johnson over whether he misled Parliament over Partygate. Sunak is thought to be one of the richest MPs in Parliament and his personal wealth is something opposition parties have often used as a political attack line.

The PM worked in finance before entering politics and he and his family are thought to own several properties, including a Grade II-listed manor house in his North Yorkshire constituency. In the last financial year alone, 2021-2022, the prime minister earned more than £1.9 mn in income and capital gains, according to the records.

Sunak - who has previously worked as an analyst for the investment bank, Goldman Sachs - has acknowledged that his investments are kept in a financial arrangement known as a blind trust. In February, in an interview with TalkTV presenter Piers Morgan, he was asked whether it was right for prime ministers to have blind trusts. Sunak said: "I think that's better than them having control over them."


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