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Robinson bought 'key land' for £5 Robinson bought 'key land' for £5
(20 minutes later)
Northern Ireland First Minister Peter Robinson, and his wife Iris, bought a valuable piece of land from a property developer for just £5.Northern Ireland First Minister Peter Robinson, and his wife Iris, bought a valuable piece of land from a property developer for just £5.
According to an investigation by the BBC's Newsline programme, the land deal enabled the Robinsons to sell part of their back garden for nearly £460,000.According to an investigation by the BBC's Newsline programme, the land deal enabled the Robinsons to sell part of their back garden for nearly £460,000.
They sold the land for £5 to a different developer, allowing the deal for their garden to go through.They sold the land for £5 to a different developer, allowing the deal for their garden to go through.
The couple could be liable for tens of thousand of pounds in taxes.The couple could be liable for tens of thousand of pounds in taxes.
The land was the vital access strip to a property development. The Robinsons made no profit on the strip of land.The land was the vital access strip to a property development. The Robinsons made no profit on the strip of land.
But if the tax authorities decide that they bought and sold the access strip knowing that the price was less than the true worth, they could be liable for tens of thousands of pounds in capital gains tax.But if the tax authorities decide that they bought and sold the access strip knowing that the price was less than the true worth, they could be liable for tens of thousands of pounds in capital gains tax.
Earlier this year, Peter Robinson stood down for a time as NI first minister after it emerged that his wife Iris had conducted an affair with a 19-year-old.Earlier this year, Peter Robinson stood down for a time as NI first minister after it emerged that his wife Iris had conducted an affair with a 19-year-old.
BBC Newsline, 1830 BST, BBC1 Northern Ireland.