Speaker Bercow promised to clean up Parliament.
May be he will restore much of the confidence voters used to have. I suspect not because he has cleaned up in another way, by suggesting that changing designation of main house to avoid capital gains tax (flipping) should be excluded from Legg's investigation.
I suspect that it is because he has done it twice.
If there is one element of all the scandals which grates with voters, apart from claiming for a mortgage that you do not have, it is flipping. If it is not illegal, it should be made so. It is a cynical way of avoiding tax, and should be stopped immediately. (It could be in any case if mortgage tax is not treated as an allowable expense, and fewer MPs buy a second house. But will there be other allowances for a first or second house by flipping - carpets, furniture, etc.?
Wednesday, 28 October 2009
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