Prime Minister releases details of personal finances after tax row

David Cameron has released some of his personal financial records following intense scrutiny over links to his late father's offshore business interests.

The records show the Prime Minister's income from 2009/2010 up until the last tax year.

In 2014/2015 Mr Cameron earned just over £200,000 and he paid £75,898 in income tax.

A quarter of his income came from renting out his family home in Notting Hill which generated £90,000 in the last tax year - and his half was £46,899.

He also made over £3,000 in interest from savings last year.

The summary also shows that the Prime Minister received £200,000 as a gift from his mother on top of the £300,000 inheritance left following the death of his father.

The disclosure of the two payments of £100,000 from his mother Mary in 2011 could trigger further questions about his family finances.

Mr Cameron has already been asked whether any of the £300,000 he inherited following the death of his father in 2010 came from the part of his estate in Jersey.

In an interview on Thursday Mr Cameron said: "He left me some money, very generously, quite a lot of money. It was £300,000. I obviously can't point to every source of every bit of the money, and dad isn't around to ask the questions now.

"He was a very hard-working man who built up a business. He left his house to my brother. He left me some money. And left things to my brothers and sisters too. And I think there is transparency about all of that. And in the future I am not benefiting from any Cameron family trusts. At the moment I own no shares, no investments. I have savings."

Downing Street revealed that after the Prime Minister's brother Alexander was left the family home in Berkshire, Mrs Cameron made the two payments in May and July 2011 to Mr Cameron and also gave money to his sisters "to balance it out".

The payments will only become liable to inheritance tax if Mr Cameron's mother dies within seven years of the gift.

The Labour party responded to the release by reiterating its call for the Prime Minister to explain his tax affairs in Parliament.

Tory MP Andrew Griffiths defended the Cameron's inheritance arrangement, arguing that any parent would want to ensure their wealth passed to their children.

Mr Griffths said: "My Dad worried their semi in Dudley wouldn't go to his five children when he died. Is this really any different?

"What parent doesn't want to leave as much of the things they've worked hard for to their children as possible?"