Angela rayner tax dodger again...

[motorbiking]

Not according to the government:

Note: the bit about having an “interest” in a property applies if you are the beneficiary of a trust

What property the higher rates apply to​

When you know who the rules apply to, you should work out how many residential properties each of you will own at the end of the day of your new purchase.

If any of you will own, or part own more than one residential property worth £40,000 or more, you will have to pay the higher rates on your new purchase (unless there is another reason why the higher rates do not apply).

Include any residential property that:

• is owned on behalf of children under the age of 18 (parents are treated as the owners even if the property is held through a trust and they are not the trustees)
• you have an interest in as the beneficiary of a trust

Include your current home, if you still own it at the end of the day you buy your new home.

Higher rates of Stamp Duty Land Tax

Check if you have to pay the higher rates of Stamp Duty Land Tax (SDLT) when you buy a residential property in England or Northern Ireland.

www.gov.uk

That's a good point.

The Sky News article says that her son is the sole beneficiary.

I would want to see the actual regulation to be sure what it means. But I can't seem to find it.

Could this be it?

SDLTM09815 - SDLT - higher rates for additional dwellings: interests treated as owned by an individual, trusts, children [including children subject to the Mental Health Acts] - HMRC internal manual - GOV.UK

www.gov.uk

You are left with the fact that she declared to Hove that it was a second property and that her “expert” advisor has stated that she should have paid.

So either she knew and didn’t and the declaration to Hove was correct. Or she didn’t and this was an error.

It would be a bit odd to choose to pay extra council tax by mistake.

 

[motorbiking]

Which post was that a reply to?

Sorry that was from an earlier draft.

 

[MNW67]

You are left with the fact that she declared to Hove that it was a second property and that her “expert” advisor has stated that she should have paid.

So either she knew and didn’t and the declaration to Hove was correct. Or she didn’t and this was an error.

It would be a bit odd to choose to pay extra council tax by mistake.

I haven't really been following it.

I was just interested in the bit about trusts.

 

[Murdochcat]

Yes, because a legal trust was involved which invited legal implications which she took advice on. A second opinion was then taken when this all blew up, and she acted on that. Did she make all that up? That strikes me more as straight talking and honest.

According to information released by the legal company who set up the trust were NOT consulted about the situation of buying the new property.

May be that’s were she went wrong

 

[Murdochcat]

He claims she evaded paying stamp duty on a second home

But he also claims:




Poor Motorbiking can’t make his mind up how many homes Angela has.

Which are the facts in the public domain

 

[motorbiking]

I haven't really been following it.

I was just interested in the bit about trusts.

I have helped set these up for relatives with disabled kids.

The goal is to protect them from themselves and provide for them after the death of the parents.

 

[MNW67]

According to information released by the legal company who set up the trust were NOT consulted about the situation of buying the new property.

May be that’s were she went wrong

Maybe. But might there have been a conflict of interest. Is that why she used different advisers.

 

[Brigadier]

I bet she was a nightmare.

Edited

She scares you, just admit it

 

[Murdochcat]

The only legitimate way to acquire a 2nd property and not pay any stamp duty is to inherit the home

 

[Murdochcat]

Maybe. But might there have been a conflict of interest. Is that why she used different advisers.

Not sure I agree with that. Trusts are very complicated structures and I would say that the only people to advise on this matter we’re the original authors

 

[denso13]

According to information released by the legal company who set up the trust were NOT consulted about the situation of buying the new property.

May be that’s were she went wrong

Possibly, let's see what comes out of it.

 

[mitch66]

She scares you, just admit it

She'd scare Satan's evil brother.

 

[MNW67]

Not sure I agree with that.

You might be right.

But Angela the trustee might be a separate legal entity to Angela the purchaser of an unrelated property.

Trusts are very complicated structures and I would say that the only people to advise on this matter we’re the original authors

But that makes no sense. The trust has to be understandable to other legal professionals and the courts. The law is the law.

TBH, this one doesn't sound that complicated.

 

[Brigadier]

She'd scare Satan's evil brother.

"Annoys" or "grates" come to my mind (if I was personally involved with AR), but also an admiration for the way she puts the "educated" and "upper class" tory twonks down in the HoC.
Watch them tossers squirm

 

[Murdochcat]

You might be right.

But Angela the trustee might be a separate legal entity to Angela the purchaser of an unrelated property.



But that makes no sense. The trust has to be understandable to other legal professionals and the courts. The law is the law.

TBH, this one doesn't sound that complicated.

In which case she didn’t consult somebody with the appropriate knowledge and competence