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MP defends sale of flat in London Labour MP may be forced to quit
(about 19 hours 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 Ian Gibson has been referred to a panel which could remove his right to stand as a Labour candidate amid expenses claims.
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. The Daily Telegraph said Dr Gibson claimed for a flat which his daughter and her partner lived in rent-free.
Dr Gibson told the BBC that he shared the flat with his daughter for a time, claiming mortgage payments on expenses. The MP told BBC Look East that he shared the flat with his daughter for a time, claiming mortgage payments on expenses.
The MP said he had not benefited and that he was prepared to stand down. Dr Gibson said he would stand down if his constituents demanded it.
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. The Telegraph said 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 said he sold the flat to them for £162,000 after buying it for £195,000.In April last year he said he sold the flat to them for £162,000 after buying 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.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 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.""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.""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. Dr Gibson said he would listen to the opinions of constituents and if they wanted him to resign, he would do so.
He said if his constituents wanted him to step down "then fine, so be it".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."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.