More Trouble for Cameron after his Tax Records go Public
ing the family estate to avoid a potential £80,000 worth of inheritance tax. The payments by Mary Cameron to her son in May and July 2011 were given tax-free, and will only become liable to inheritance tax of up to 40% if she dies within seven years of handing over the money.
Downing Street said the payments were an attempt to “balance” the sums received by all their children.
The figures show that, on top of his income as prime minister, his 50 % share of the rental income on the Camerons’ family home in London amounted to £46,899, he received £9,834 in taxable expenses from the Tory party and £3,052 in interest on savings in a high street bank. When he first entered Downing Street in 2010, he benefited from a £20,000 tax-free allowance as part of his £142,500 salary.
(Left) Protesters demonstrate against Cameron following revelations in the Panama papers, outside Downing Street on Saturday and (right) Cameron addresses the Conservative Spring Forum —