Sadiq Khan reveals earnings as he publishes tax return

Tax publication: Sadiq Khan
Dan Kitwood/Getty Images
Pippa Crerar24 February 2016

Labour mayoral candidate Sadiq Khan followed in the footsteps of Zac Goldsmith today by publishing his own tax return.

The Tooting MP disclosed that he earned almost £63,000 last year from his MPs salary and paid more than £20,000 in tax and National Insurance.

His campaign said his Tory rival would have “a cloud hanging over his head” until he fully answered questions on his former non-dom status.

A letter from Mr Khan’s accountant show the only income he earned over the past ten years were his MP’s salary, a ministerial salary from 2008 to 2010 and an allowance for his final year as a Wandsworth councillor.

He took home just over £3,000 for appearances on the BBC’s Have I Got News For You and as presenter of BBC Radio 4’s “White House” series which explored the history of the early Asian Members of Parliament.

He donated the £1,500 HIGNFY fee to the Evening Standard’s Dispossessed Fund.

Mr Khan’s declaration shows he had no earnings from property, shareholdings, service companies, trust funds or capital gains.

The disclosure comes after Zac Goldsmith published details of his own personal tax returns, which showed he has made more than £10 million in income and capital gains since being elected an MP.

The Tory candidate has paid more than £4.5 million in tax on his worldwide income and capital gains — a rate of 46 per cent. His taxable income since 2010 has totalled just over £6 million, the vast majority from a family trust set up by his billionaire father. He has made a further £4.3 million in profits from selling assets.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in