Rishi Sunak paid effective tax rate of 23% on £2.2m income last year

Low capital gains rate and US location of funds mean tax bill of 508,000 much less than under top income rate of 45%

Rishi Sunak paid more than half a million pounds in tax in 2023 after making a 1.8m profit on his holding in a US investment fund, a summary of his tax affairs shows.

The prime minister published the document on Friday, showing he paid a tax bill of 508,308 in the financial year 2022-23 on overall earnings and gains of 2.23m.