John Baron, Member of Parliament for Basildon & Billericay, will donate all profit made from the sale of his second home, reported to be in the region of £60,000, to charity.
Mr. Baron, BBC News confirms, recently sold the three-bedroom house for around £250,000, having bought it for £153,500 in 2000. He confirmed that all profit, after costs and capital gains tax were deducted, would go to a “range” of good causes.
Baron, a former soldier, stated that he believed it was the correct thing to do. He had previously claimed expenses for mortgage interest payments on the property, which doubled up as his constituency office, since he became an MP in 2001.
He had, however, come under fire last year over claiming increased expenses over and above the rate of inflation. Instead he will stay in a hotel if the need arises and rent an office for constituency work.
The MP, who served in the Royal Regiment of Fusiliers before becoming a fund manager, stated that he felt most people entering politics do so for public services and not for financial reward. Mr. Baron also revealed that part of the money would go to those which help armed service personnel.
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