A Labour Party spokesman yesterday said: “The Labour Party pays all tax that is due.”
New figures at Companies House reveal that ‘Labour Party Properties Limited’ – a venture that owns 19 buildings across the UK – declared zero tax in 2018 despite profits of nearly £630,000.
And it last paid money to the Treasury in 2003.
More than half of the property is rented on the open market while other buildings are leased to local Labour parties.
Rental income in 2018 was £2.6 million but this was offset by deferred losses, property expenses totalling £1.7 million and admin costs of £265,000.