Paul Daniels blast government after receiving massive tax bill for caring for his mother..
He chose to look after his mother during her final years rather than place her in the unfamiliar surroundings of a care home.
Paul Daniels adapted her house, spending thousands of pounds on it so she could retain her independence.
But yesterday the celebrity magician vented his fury at discovering he faces being penalised by the taxman for doing so…
He says he is facing a capital gains tax bill of £136,000 when he sells his late mother’s home.
As it was registered in Daniels’s name and not his mother’s, he is liable to pay the tax on it as a ‘second home’.
But he says that by caring for his mother himself he has saved the government thousands of pounds – and the essential renovations to the house should be tax deductible.
‘They don’t understand the amount I’ve spent and saved the government by providing for her,’ he said… Read more at:
Read more: http://www.dailymail.co.uk/news/article-2581368/Paul-Daniels-136k-tax-bill-caring-mother-Magician-spent-thousands-adapting-home-facing-massive-capital-gains-tax-bill.html#ixzz2w3lbiN6Y
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