Retiring MPs in line to make up to £9 million profit from sale of second homes

‘Veteran MPs could cash in on their taxpayer-funded second homes to the tune of £9 million, according to research.

An analysis of MPs’ expense records and property evaluations found that as many as 30 MPs who were elected before 2010 and have announced they are standing down at the election could make profits of more than £1.8 million by selling their properties.

This is because MPs were able to claim an “additional cost allowance” to help with maintenance costs at their second home before the expenses scandal broke in 2010.’

Read more: Retiring MPs in line to make up to £9 million profit from sale of second homes