Keir Starmer paid almost £100,000 in tax last year with more than half of the Labour leader's bill coming from the sale of a donkey field he partly-owned

Sir Keir Starmer paid almost £100,000 in tax last year – with more than half of the Labour leader’s tax bill coming from the sale of a donkey field he partly-owned.

In a summary of his tax affairs released by Labour today, Sir Keir was shown to have paid £44,308 in income tax in 2022/23.

This came from his earnings as an MP, the Leader of the Opposition, royalties, and interest on bank savings.

Sir Keir also paid £52,688 in capital gains tax, following the sale of a field in December 2022 partly owned by himself and partly owned by his father’s estate.

It was previously reported that the Labour leader had sold a plot of land he had bought in the 1990s for his parents, who used it to care for neglected donkeys.

Reports at the time put the sale at £400,000. According to the latest tax summary, Sir Keir gained £275,739 from the land sale.

Sir Keir Starmer paid almost £100,000 in tax last year - with more than half of the Labour leader's tax bill coming from the sale of a donkey field he partly-owned

Sir Keir Starmer paid almost £100,000 in tax last year – with more than half of the Labour leader’s tax bill coming from the sale of a donkey field he partly-owned

In a summary of his tax affairs released by Labour today, Sir Keir was shown to have paid £44,308 in income tax and £52,688 in Capital Gains Tax in 2022/23

In a summary of his tax affairs released by Labour today, Sir Keir was shown to have paid £44,308 in income tax and £52,688 in Capital Gains Tax in 2022/23

Sir Keir’s tax bill for 2022/23 was up from the £67,033 he paid in tax in 2021/22.

His previous tax summary showed how he paid tax on his earnings – including book royalties – and capital gains tax said to relate to the sale of his sister’s house that he helped her to buy.

The Labour leader’s latest tax summary was published after documents released by No10 last week revealed Rishi Sunak paid more than half a million pounds in tax last year.

The Prime Minister was shown to have paid some £508,308 in tax in the 2022/23 financial year.

This was up from £432,493 he paid the previous year – an increase of just over £75,000 and almost double the £227,350 he paid in 2019/20, before the pandemic.

The vast majority, some £359,250, was capital gains tax, which is paid on shares and other investments.

The PM, who is a millionaire, has an investment fund held in a blind trust, which made £1.8million, the document disclosed.

It means that before tax the PM earned £2.22million last year, when his salary and other income was taken into account, with an overall tax rate of 23 per cent.

All of the investment income and capital gains came from a US-based investment fund listed as a blind trust, according to the summary.

He also earned £139,477 from his MP and PM salaries, a sum that pales in comparison with his investment income.

No 10 published the summary of Mr Sunak’s UK taxable income as prepared by accountancy service Evelyn Partners.

The former California resident paid $6,847 in US tax from $45,646 of dividends that were taxed separately in 2022.

News Related

OTHER NEWS

Reforms announced to address 'stain' of indefinite prison sentences

Thousands of offenders who are serving controversial indefinite prison sentences will no longer have to wait 10 years before they can apply to have their licence terminated under changes announced ... Read more »

Mason Greenwood: Getafe set date for permanent Man Utd transfer talks, as Prem clubs ‘send scouts’

Mason Greenwood is on loan at Getafe from Man Utd Getafe have decided they will speak to Manchester United about a permanent move for Mason Greenwood in April, while Premier ... Read more »

How to claim compensation for pothole damage to your car

Road workers fixing a pothole Potholes are a daily hazard for drivers – and with winter on the way, the condition of British roads is only likely to get worse. ... Read more »

Starfield Player Discovers Ominous Alien Hatchery On A Barren Planet

Starfield Player Discovers Ominous Alien Hatchery On A Barren Planet Starfield features unique planets and worlds in its Settled Systems, breaking up the monotony of exploration with diverse environments and ... Read more »

Up to 40 Tory MPs ‘set to rebel’ if Sunak’s Rwanda plan doesn’t override ECHR

Asylum seekers travel in an inflatable boat across the English Channel, bound for Dover on the south coast of England (Photo: Ben Stansall/AFP) Up to 40 Conservative MPs are poised ... Read more »

Country diary: A tale of three churches

In the saltmarsh fringing where the Ballyboe River dissolves into Trawbreaga Bay, a little egret wears its plumage like a windblown stole. Our car swoops across the 10 arches of ... Read more »

Sunak woos business elite with royal welcome – but they seek certainty

Photograph: Chris Ratcliffe/EPA Hampton Court is an enduring monument to the power of Henry VIII, a pleasure palace down the Thames from Westminster and the City of London. On Monday ... Read more »
Top List in the World