TAX THE RISH

PM avoids grilling over low rate despite high income

- ASHLEY COWBURN

RISHI Sunak yesterday dodged questions over whether the tax system needs reform after finally publishing details on his enormous personal wealth.

The Prime Minister's tax summary, snuck out on a hectic day in Westminster, showed his income exceeded £1.9million, with £1.64million from capital gains in 2021-22. His tax bill that year stood at £432,493.

With capital gains at a lower rate than income tax, the Tory leader paid an effective tax rate of just 22 per cent.

A nurse on a salary of £37,000 pays a tax rate of 21 per cent down south.

Sunak saved more than £300,000 thanks to a 2016 Tory cut to the top capital gains tax rate in England from 28 per cent to 20 per cent, which he voted for.