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MPs told to repay second home gains

MPs told to repay second home gains
Parliament's expenses watchdog has told MPs to hand over a share of the capital gain made on their taxpayer-funded second homes, even if they have not sold the property. Three weeks after the deadline for arranging payment, ten MPs have failed to agree a deal, and the Independent Parliamentary Standards Authority has confirmed it may seek legal action. "Hopefully there will be no need for legal activity that will coerce anyone into paying," an IPSA spokesman said. "But if we have to go down the legal route we are fully prepared to do it. When MPs signed up to this deal, they did it on the condition that, if there was a capital gain, the taxpayer would get a share."

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