| Another nail in the coffin 11:40 - Sep 3 with 3432 views | DJR |
and further evidence of ineptitude on the part of individuals in the government.
There has also been some suggestion that the emergence of this story is the result of briefing by factions in the government who see Rayner as a threat to Starmer.
https://www.theguardian.com/politics/2025/sep/03/angela-rayner-admits-underpayin
"Angela Rayner admits underpaying stamp duty on £800,000 seaside flat" [Post edited 3 Sep 11:41]
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| Another nail in the coffin on 11:41 - Sep 4 with 78 views | redrickstuhaart |
| Another nail in the coffin on 10:07 - Sep 4 by BloomBlue |
But she's a beneficiary on the trust. She has even admitted she should have paid 2nd home tax, so clearly she is an owner/beneficiary of another property.
Even Gov website re stamp duty includes info:-
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.
I'm guessing her son is under 18 and therefore on the trust (even though its a trust for him) an adult will need to act on that child's behalf. Once your on a trust you're by default a beneficiary, and the Guardian confirmed she is on the trust
So basically she sold that part of the property to herself as a beneficiary in that trust.
She talked about deeming provision, which is the portion a lot of people add to trusts to avoid local authority from taking ownership of a property to sell it to cover the costs of care home for that individual (sorry thats a very generic overview). I'm assuming that was added to the trust to protect her child in that situation. But that section is basically stating the trust beneficiaries have control over the property - and she's listed as a beneficiary.
It's a complex model I agree. But stamp duty is a tax same as income tax, NI, etc etc. Like all taxes Govs will make changes to close loopholes and trusts were being used to avoid stamp duty, changes were made about 5 or 6 years ago to close that.
Thats why a lot of people have been caught out re SD on 2nd home and trusts.
I'm also shocked it didn't raise a massive red flag with the solicitor, given a lot of problems have occurred recently with trusts/SD
Whether it was bad advice or she didn't declare everything, tbc. |
Lots of guessing there without seeing the documents.... I've not seen it suggested she was a beneficiary still. She sold her interest to buy the new place. |  | | |
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