Baroness Warsi says the failed declaration was an 'oversight'
The co-chair of the conservative party, Baroness Sayeeda Warsi, has admitted not fully declaring rental income from a flat she owns in West London.
It has emerged she failed to declare the income for around 15 months, from January 2011 until May 2012.
Party sources have not revealed the full amount she earned, but they say it is over the £5,000 annual limit before full disclosure is required.
Baroness Warsi said she took full responsibilty for the "oversight".
The baroness had declared the property on the register of ministerial interests, and it had been cleared by the Cabinet Office and HM Revenue and Customs.
But she failed to inform the register of Lords' interests that she was letting the property, after she moved to a new home closer to the House of Lords.
The Tory peer bought the flat in Wembley in 2007, but on the advice of security experts, moved closer to Parliament when she became a minister in June 2010.
Around six months later, with the approval of the Cabinet office and the leader of the House of Lords, she began to let the property.
Baroness Warsi added: "When the discrepancy became apparent this week, I immediately informed the registrar of Lords' interests of its omission.
"At all times my ownership of the flat and the fact that it was being let out was fully disclosed to Cabinet Office officials and HM Revenue and Customs, and was appropriately reported on the register of Ministers' interests held by the Government."
Conservative party sources have described the incident as a "**** up" which has been remedied, and that Lords authorities will not take further action.
BBC News - Baroness Warsi fails to fully declare rental income from London flat
The beginning of the end for big mouth appointed by Cameron as our unelected representative
The co-chair of the conservative party, Baroness Sayeeda Warsi, has admitted not fully declaring rental income from a flat she owns in West London.
It has emerged she failed to declare the income for around 15 months, from January 2011 until May 2012.
Party sources have not revealed the full amount she earned, but they say it is over the £5,000 annual limit before full disclosure is required.
Baroness Warsi said she took full responsibilty for the "oversight".
The baroness had declared the property on the register of ministerial interests, and it had been cleared by the Cabinet Office and HM Revenue and Customs.
But she failed to inform the register of Lords' interests that she was letting the property, after she moved to a new home closer to the House of Lords.
The Tory peer bought the flat in Wembley in 2007, but on the advice of security experts, moved closer to Parliament when she became a minister in June 2010.
Around six months later, with the approval of the Cabinet office and the leader of the House of Lords, she began to let the property.
Baroness Warsi added: "When the discrepancy became apparent this week, I immediately informed the registrar of Lords' interests of its omission.
"At all times my ownership of the flat and the fact that it was being let out was fully disclosed to Cabinet Office officials and HM Revenue and Customs, and was appropriately reported on the register of Ministers' interests held by the Government."
Conservative party sources have described the incident as a "**** up" which has been remedied, and that Lords authorities will not take further action.
BBC News - Baroness Warsi fails to fully declare rental income from London flat
The beginning of the end for big mouth appointed by Cameron as our unelected representative