Friday, August 22, 2014

The Mysterious Abu Joe 3

"Taxpayers are paying Treasurer Joe Hockey $270 a night to stay in a house owned by his wife. Mr Hockey has legitimately claimed $108,000 in travel allowance for 368 nights over the past 4 years, including many nights for parliamentary sitting weeks when he has stayed at the Canberra property in which his wife has a majority share... He would not be drawn on whether there were any tax minimisation advantages to [the] ownership structure of the property... The home is worth an estimated $1.5 million according to local real estate agents... When it was purchased, Mr Hockey was listed on sales documents as owning 5%, his wife, Melissa Babbage, 61% and his father, Richard Hockey, 34%." (You're paying Joe's rent on $1.5m home, Samantha Maiden, The Sunday Telegraph, 17/8/14)

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