PM David Cameron Releases Details of His U.K. Tax Returns.

PM

Cameron releasing some of his income tax information in an effort to answer persistent questions about his financial affairs, after admitting
earlier that his handling of the disclosure of links to offshore funds could have been better.

Even though Mr. Cameron claims he is the first U.K. prime minister to publish his income tax information, he may face further questions after his office confirmed he had received two gifts of £100,000 each, about $160,000 each at that time, from his mother in 2011.
was the year after the prime minister’s father died, and those gifts didn't appear on his income tax returns. British newspapers questioned whether the gifts were an effort to avoid paying inheritance tax on his late father’s estate. Mr. Cameron’s office declined further comment on the gifts.

The documents published on the government’s website detail the prime minister’s income and taxation over the last six financial years, according to chartered accountants RNS. They showed that in the 2014-2015 financial year, Mr. Cameron earned taxable income totaling £200,307, and paid income tax of £75,898. The income included a salary of £140,522, rental revenue from a London home, and interest from personal savings in a U.K. bank, according to the documents.

The disclosure of the usually confidential information comes after Mr. Cameron admitted on Saturday that he had not been open enough in disclosing his own financial affairs following a week of questions about his links to offshore funds. Those questions were triggered by the leaked documents, dubbed the Panama Papers, from Panama-based law firm Mossack Fonseca. At a meeting of members of his Conservative Party, he pledged to publish his personal tax information, “because I want to be completely transparent and open about these things.”