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MP defends sale of flat in London | MP defends sale of flat in London |
(about 1 hour later) | |
A Norwich MP has defended selling his London flat at below market value to his daughter and her partner after claiming second-home allowances on it. | |
Norwich North MP Dr Ian Gibson spoke to BBC Look East after being told allegations about his expenses would be made in the Daily Telegraph on Friday. | |
Dr Gibson told the BBC he shared the flat with his daughter for a time, claiming mortgage payments on expenses. | |
The MP said he had not benefitted at all from the expenses claims. | |
The Telegraph is expected to say that while the MP was claiming an allowance for the property, which he bought in 1999, his daughter and her partner lived there full-time without paying rent. | |
In April last year he sold it to them for £162,000. He had bought it for £195,000. | |
'Home for years' | 'Home for years' |
Dr Gibson said that he had the flat valued at the time of the sale for between £250,000 and £300,000. | |
"I cannot wait to put in my tax return to see how they assess it," he said. | |
"I may make a loss and may have to sell my main home." | |
Dr Gibson told the BBC that the flat "was my home for many years". | Dr Gibson told the BBC that the flat "was my home for many years". |
"The mortgage was coming to an end. I would have had to sell it anyway... and I will pay the capital gains tax." | |
He said that when he sold the flat, because he wanted to move to a rented flat nearer Westminster, "prices were coming down". | He said that when he sold the flat, because he wanted to move to a rented flat nearer Westminster, "prices were coming down". |
Dr Gibson said he would listen to the opinions of constituents and if they wanted wanted him to resign, he would do so. | |
He said if his constituents wanted him to step down "then fine, so be it". | |
"I don't mind getting beaten in an election, but I am quite happy to step down too... and admit that the constituents thought it was one step too far," he said. |