Former Deputy First Minister Nicol Stephen has turned a £110,000 profit from selling his publicly funded second home.

The Liberal Democrat peer sold the house for £303,000 last month after almost a decade of billing taxpayers for running costs.

Mr Stephen, the former Aberdeen South MSP, bought the two-bedroom lower villa in the Morningside area for £193,333 in February 2002, using a deposit of just £31,533.

He claimed more than £70,000 in parliamentary allowances on the property until May 2011, when he stood down from the Scottish Parliament.

During the nine years he owned the flat, Mr Stephen claimed more than £50,000 for the interest payments on his Bank of Scotland mortgage, and almost £20,000 for council tax, TV licence fees, insurance and utility bills.

The gross profit of £109,667, is expected to be subject to capital gains tax.

A LibDem spokesman said: "Of course, capital gains tax will be paid on the transaction in full as appropriate."