Friday, 17 September 2021

Magician’s tax anger

PAUL DANIELS is angry at the prospect of a £136,000 tax bill on the sale of his late mother’s home.

The TV magician, who lives in Wargrave, spent thousands of pounds adapting the property so that his mother could continue living independently. Because the house is registered in Daniels’ name, he must pay capital gains tax.

However, the 75-year-old says he saved the taxpayer thousands of pounds by caring for his mother himself.

Daniels bought the property in Denham, now said to be worth about £520,000, for £150,000 in 1997. He adapted it shortly after his father Hugh died so that his mother Nancy could remain close to him and his wife Debbie McGee.

When his 97-year-old mother died in January, Daniels realised he would have to pay tax.

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