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Angela Rayner’s explanation for stamp duty error not the end of the matter | Money News

The Owner Press by The Owner Press
September 4, 2025
in Business News
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Angela Rayner’s rationalization for her failure to pay the right stamp responsibility on her residence in Hove rests on a declare that she was wrongly suggested about her tax publicity when shopping for the property earlier this yr.

Following media studies that she had prevented tax of as much as £40,000 she took recent recommendation and now acknowledges she ought to have paid the second-home stamp responsibility surcharge, taking the tax owed on the £800,000 property from £30,000 to £70,000.

She says the confusion lies within the complexity of her domestic affairs, arising from preparations made to look after her son, who has “lifelong disabilities” and particular academic wants.

Politics newest: Angela Rayner facing calls to quit

In 2020 an award was made to Ms Rayner‘s son following what she referred to as “a deeply private and distressing incident” as a untimely child, and a belief was established to handle the award and his pursuits.

She just isn’t specific in her assertion however it’s presumed the “award” was monetary, probably made in compensation.

Ms Rayner says she and her then husband Mark Rayner dedicated to switch their curiosity within the household residence in Ashton-under-Lyne to the belief, of which their son is the only beneficiary.

In 2023, the couple divorced however agreed that their kids would stay within the household residence whereas they routinely moved out and in to look after them, an association generally known as nesting. At the moment, Ms Rayner mentioned a few of their curiosity within the household residence handed to her son’s belief

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7:19

Rayner admits she did not pay sufficient tax

In January 2025, the deputy prime minister says she bought her remaining curiosity within the residence to her son’s belief and used it as a deposit on a flat in Hove, valued at round £800,000. She took out a mortgage to cowl the rest of the acquisition.

On the time, she says she took tax recommendation and was informed that, given she not owned every other property, she was solely required to pay commonplace stamp responsibility, which might have totalled round £30,000.

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3:19

Badenoch: Sack Rayner

Following media reporting final month she says she sought recent recommendation from “senior tax counsel” and was informed she was actually liable to pay the second-home stamp responsibility surcharge, a further 5% flat cost, due to what she calls “complicated deeming provisions” referring to her son’s belief.

Deeming provisions are a authorized system that create a “authorized fiction” to simplify complicated points, usually in relation to tax.

Ms Rayner provides no particulars of the provisions, however one rationalization is that if she has rights below the phrases of the belief to reside within the household residence for all times, it ought to be handled as her essential residence for the needs of stamp responsibility.

HMRC’s steering on the upper price of stamp responsibility states mother and father of under-18s are handled because the house owners of residential property “even when the property is held by way of belief and they aren’t the trustees”.

She says that the Ashton-under-Lyne property stays her household residence, the place she is registered for official, monetary and medical functions.

Learn extra:
Rayner admits she should have paid more stamp duty
Rayner came out fighting in Sky interview
Rayner’s tax affairs statement in full

In December 2024, Ms Rayner was granted using a grace-and-favour flat in Admiralty Home in Whitehall in her position as deputy prime minister, and gave up a rented property in London to maneuver in. She had categorized this as her second residence for council tax functions, which as a consequence is paid for by the federal government.

The recommendation that counts now’s that which Sir Laurie Magnus provides to the prime minister. The federal government’s unbiased ethics adviser might need to know if Ms Rayner supplied the total info concerning the belief and her essential residence to her first tax adviser, or whether or not by omission the fault lies along with her.



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