In the Sun today, Boris said:
“IT’S pots and kettles time. I don’t especially blame Ed Miliband for trying to avoid tax, as he did in the case of his father’s house.You may remember that when the veteran Marxist Ralph Miliband died in 1994, he left his swish Primrose Hill house to his wife Marion.
The two Miliband brothers and their mother then together agreed a so-called “deed of variation”, so that each brother was given 20 per cent of the value of the house.
There can have been only one possible purpose to this manoeuvre.
In the event of Marion’s death, they hoped to reduce their exposure to inheritance tax, which would fall on only 60 per cent of the property value.
As I say, it is a pretty “vanilla” sort of dodge, pretty innocuous.
But the objective was clear: More money kept in the Milibands’ pockets and less for the taxman.
More for Ed, less for schools and roads and hospitals.
He had exactly the same motive, I am afraid, as some of the Tories he has chosen to denounce.”
Oh these lefties! During the second mayoral election, Boris, when asked, immediately produced his tax returns. Squeaky clean. Ken Livingstone attacked bankers as “rich bastards, who should not be allowed to vote!” Imagine his discomfiture when he was revealed as having used a tax loophole to save £50,000. The details are here.
So if he gives Ed some home truths, he’s entitled.