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Blearsy-eyed!

We read here that Hazel Blears is to pay ¬£13,332 on the sale of a second home. How is she going to do this? Presumably her accountants or tax advisers got the documentation right so that she successfully avoided a liability by making the appropriate election. The only way she can get HMRC to accept the money is by saying she made an error or worse, deliberately misled them. She will not be happy if they charge interest and penalties in addition to the CGT.Perhaps she thinks the way to pay this voluntary tax is to just … Continue Reading