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Tories request HMRC probe on Farage's £5m gift

Tories request HMRC probe on Farage's £5m gift

The Conservative Party has asked HMRC to investigate whether Nigel Farage should have paid tax on a £5 million gift received from crypto billionaire Christopher Harborne. Farage claims the gift was personal and unconditional, intended for security costs and campaigning efforts, and was not declared as income or political donation. The inquiry follows reports suggesting the gift may be connected to Farage’s potential political activities, raising questions about its tax status and whether it should be classified as taxable income.

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