Sunak 'made £1.8m in capital gains and paid £500k in tax last year'

The Prime Minister published a summary of his tax affairs on a Friday afternoon while Parliament was in recess.

Rishi Sunak has published his tax documents, showing that he paid more than £500,000 in UK tax last year.

The Prime Minister released the summary of his tax affairs on Friday afternoon as Parliament was in recess.

The statement showed he paid £508,308 in tax in the financial year 2022-23.

Sunak made nearly £1.8m through capital gains – up from £1.6m in 2021/22 – as well as £293,407 in other interest and dividends.

All of the investment income and capital gains came from a US-based investment fund listed as a blind trust, according to the summary.

He also earned £139,477 from his ministerial and prime ministerial salaries, a sum that pales in comparison with his investment income.

Rather than a full tax return, No 10 published “a summary” of Sunak’s UK taxable income, capital gains and tax paid over the last tax year as reported to HM Revenue & Customs, prepared by accountancy service Evelyn Partners.

The former California resident separately paid $6,847 US dollars in tax from $45,646 US dollars of dividends that were taxed separately in the US in 2022.

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