| Very good on Angela Rayner on 18:52 - Sep 3 with 398 views | Vaughan8 |
| Very good on Angela Rayner on 18:04 - Sep 3 by DJR |
This passage early on is pretty simple..
"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)".
It's very difficult to believe that any conveyancing solicitor would not know this, assuming they were aware of the trust.
EDIT: she apparently said she only knew the position when she went to a KC but it doesn't need a KC to read clear and plain HMRC advice. [Post edited 3 Sep 18:16]
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Yeah doesn't look to difficult to find and you expect and "expert" to know this and if not, be able to look it up.
Be interesting to know who she got advice on and what they said. Did they think they had some kind of loophole and it's gone wrong? [Post edited 3 Sep 18:52]
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| Very good on Angela Rayner on 18:57 - Sep 3 with 375 views | Ewan_Oozami |
| Very good on Angela Rayner on 18:52 - Sep 3 by Vaughan8 |
Yeah doesn't look to difficult to find and you expect and "expert" to know this and if not, be able to look it up.
Be interesting to know who she got advice on and what they said. Did they think they had some kind of loophole and it's gone wrong? [Post edited 3 Sep 18:52]
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When you say "they" are you implying that Rayner asked them to find a possible loophole? |  |
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| Very good on Angela Rayner on 19:05 - Sep 3 with 352 views | DJR |
| Very good on Angela Rayner on 18:16 - Sep 3 by Ewan_Oozami |
So what you're saying is that it could be the solicitor's fault?
My point to lowers being that it would not necessarily be that easy for Rayner to parse all that info (including any caveats) herself, other than to say to any advisors, "Make sure all the rules are followed please and I pay what I'm supposed to", otherwise she might as well do everything herself... |
I think it is unlikely it is the solicitors' fault if they knew the facts.
But it is possible that Rayner thought that she no longer owned any other property and so didn't disclose the trust to the solicitors.
Whatever the case, I don't think she should be expected to know of the HMRC advice. [Post edited 3 Sep 20:51]
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| Very good on Angela Rayner on 19:11 - Sep 3 with 325 views | BlueForYou |
She is toast. If she was a Conservative imagine the outcry! This lady is in charge of our national housing policy & can't sort her own affairs. Not good enough. She can squirm all she likes, but she's done for. In life what goes around tends to come around. It's disappointing that a young politician is in this position but unfortunately it's something which will be a good lesson. We need better. |  | | |
| Very good on Angela Rayner on 19:12 - Sep 3 with 325 views | lowhouseblue |
| Very good on Angela Rayner on 18:48 - Sep 3 by Ewan_Oozami |
I think sorting this out would have required more than just "basic scrutiny" - but it is good to know that that senior female Labour politicians are being held to such high standards.... |
are you saying that female politicians or labour politicians shouldn't be held to high standards? reading the hmrc website - the sections written for the public - is basic scrutiny.
when i've bought houses i've used the hmrc website and their stamp duty calculator. if i had the complication of a child's trust i would go there to see if there was a simple answer.
i started thinking that rayner was the victim of an advisor's error - but i'm struggling to see that she could really have asked a serious advisor. |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| Very good on Angela Rayner on 19:18 - Sep 3 with 309 views | Ewan_Oozami |
| Very good on Angela Rayner on 19:12 - Sep 3 by lowhouseblue |
are you saying that female politicians or labour politicians shouldn't be held to high standards? reading the hmrc website - the sections written for the public - is basic scrutiny.
when i've bought houses i've used the hmrc website and their stamp duty calculator. if i had the complication of a child's trust i would go there to see if there was a simple answer.
i started thinking that rayner was the victim of an advisor's error - but i'm struggling to see that she could really have asked a serious advisor. |
If it turns out that she asked some close friend "as a favour" to sort it out for her and they didn't really know what they were doing, then I'll concede the point to you, but if it was an established company with good trustpilot reviews making such an error, then that's litigation territory.. | |
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| Very good on Angela Rayner on 19:28 - Sep 3 with 279 views | BLUEGOLD |
| Very good on Angela Rayner on 19:11 - Sep 3 by BlueForYou |
She is toast. If she was a Conservative imagine the outcry! This lady is in charge of our national housing policy & can't sort her own affairs. Not good enough. She can squirm all she likes, but she's done for. In life what goes around tends to come around. It's disappointing that a young politician is in this position but unfortunately it's something which will be a good lesson. We need better. |
Thanks for that insight Kemi | | | |
| Very good on Angela Rayner on 19:28 - Sep 3 with 279 views | monkeymagic |
It’s a shame but she has to go. Your position is untenable if you can’t follow the rules, however complex. She’s been a target for years, this will be the final nail.
On the plus side, 18 months on the backbench is normally sufficient punishment/rehabilitation, so there’s a pathway back to Cabinet. | | | |
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| Very good on Angela Rayner on 20:19 - Sep 3 with 209 views | BlueForYou |
| Very good on Angela Rayner on 19:28 - Sep 3 by BLUEGOLD |
Thanks for that insight Kemi |
You're welcome Karl. | | | |
| Very good on Angela Rayner on 21:41 - Sep 3 with 152 views | reusersfreekicks |
| Very good on Angela Rayner on 12:19 - Sep 3 by SuperKieranMcKenna |
Is it harsh? If a socialist politician is inclined to buy multiple properties whilst mortgages and rents are at historic levels, it’s very difficult to find sympathy if they fall afoul of their own tax rules - not an issue for 99pc of us.
All the ‘tax companies and wealthy more’ and hey a perfect example of legal tax avoidance by the wealthy (whether intentional or not)…. |
She owns one property but don't let facts get in the way of your diatribe |  | | |
| Very good on Angela Rayner on 21:55 - Sep 3 with 139 views | SuperKieranMcKenna |
| Very good on Angela Rayner on 21:41 - Sep 3 by reusersfreekicks |
She owns one property but don't let facts get in the way of your diatribe |
Criticising politicians who underpay their tax is diatribe? Kind of amusing that when I’ve always paid my rightful taxes, certainly never been chased by HMRC for £40k whilst raising everyone else’s taxes. [Post edited 3 Sep 22:13]
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| Very good on Angela Rayner on 22:25 - Sep 3 with 80 views | reusersfreekicks |
| Very good on Angela Rayner on 21:55 - Sep 3 by SuperKieranMcKenna |
Criticising politicians who underpay their tax is diatribe? Kind of amusing that when I’ve always paid my rightful taxes, certainly never been chased by HMRC for £40k whilst raising everyone else’s taxes. [Post edited 3 Sep 22:13]
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"Buy multiple properties." | | | |
| Very good on Angela Rayner on 22:30 - Sep 3 with 68 views | BLUEGOLD |
| Very good on Angela Rayner on 21:55 - Sep 3 by SuperKieranMcKenna |
Criticising politicians who underpay their tax is diatribe? Kind of amusing that when I’ve always paid my rightful taxes, certainly never been chased by HMRC for £40k whilst raising everyone else’s taxes. [Post edited 3 Sep 22:13]
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Perhaps bother to read what has happened before jumping to the right wing narrative.
It sounds very nuanced to me | | | |
| Very good on Angela Rayner on 22:46 - Sep 3 with 38 views | Smoresy |
She's a good egg from what I can tell, embarrassing as this mishap is. | | | |
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