Grendel
Well-Known Member
She agreed with the council in Hove to pay council tax as a second property
Do you want to discuss boring politics? (16 Viewers)
- Thread starter mrtrench
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She agreed with the council in Hove to pay council tax as a second property
Grendel
Well-Known Member
So from not avoiding tax at all it’s now “not tried to avoid tax anything like the average Tory did”
Cool defence that
CovValleyBoy
Well-Known Member
Wouldn't it of been a lovely breath of fresh air if Dep PM Raynor had paid £70K despite only a £30K liability & was instead due a £40K rebate.
Now that would of been news !
Now that would of been news !
SBAndy
Well-Known Member
Can pay council tax on 2 properties despite only owning one as far as I’m aware.
I should just set out that I’m not condoning it but I’m not of the belief, as MMM seems to be, that this is some mad aggressive tax planning. Just think it’s a bit of a fuck-up.
Grendel
Well-Known Member
Why would anyone put a house in a discretionary trust unless it was to benefit from a tax avoidance?
Yeah, she probably has (had!) designs on being PM. I don't think she is stupid enough to risk it all over some stamp duty.
She knows full well what the press are like. She knows full well the things she's said about Tory ministers resigning over various issues. She would know that any avoidance of tax, intentional or not, would kill her career.
I think it was a genuine error, that obviously looks worse given her position and will cost her her job.
Loads of reasons, particularly given their son is disabled.
Mostly about protecting him financially and giving him some security.
SIR ERNIE
Well-Known Member
Oooo you're really hurting aren't you.
StrettoBoy
Well-Known Member
Shoosmiths, who set up the trust, are a large and very reputable law firm. I would be astonished if they didn't advise AR, as settlor, that she was deemed to have retained an interest in the property.
mmttww
Well-Known Member
Former Conservative minister Nadine Dorries defects to Reform UK
The ex-MP told the Daily Mail the Tory Party was dead and its members now "need to think the unthinkable".
www.bbc.co.uk
some good LOLs reading that, vacuous knobhead.
StrettoBoy
Well-Known Member
Claiming, for council tax purposes, that the Manchester property was her main home and for SDLT purposes that it was Hove doesn't pass the sniff test, especially as it is likely to be the grace and favour apartment in London.
"Oh, what a tangled web we weave when first we practice to deceive".
mmttww
Well-Known Member
Starmer refuses to say if he will sack Rayner if she broke rules
The PM's standards adviser is investigating if Rayner breached the ministerial code after underpaying stamp duty.
www.bbc.co.uk
and listening to this live was a living facepalm. All he had to say was 'I'll listen to what the ethics fella says and make a decision', he just waffled for five mins.
Captain Dart
Well-Known Member
Mucca Mad Boys
Well-Known Member
The guidance is on HMRC. If your child owns a property, for stamp duty purposes you are the owner of it. Rayner was
She knew what she was doing, she sold her share in a property preemptively to claim she only owned one property.
Let’s be honest, if it was a Tory politician, we’d all be damning and assume they knew what they were doing. If anything, it’s classist/sexist to assume Rayner didn’t actually know what she was doing.
She’s a politician in a privileged position, she knew what she was doing because she has the best legal advice on hand.
SBAndy
Well-Known Member
If you take her at face value, the Manchester home has been modified to cater for his disability. Hence the reason they have this nesting arrangement and the perceived need to ensure he has right to remain should anything happen to either/both of them.
Why the other property needs to be in Brighton I have no idea. But that’s a separate story.
Mucca Mad Boys
Well-Known Member
I think she misled her solicitors personally. That’s my ‘gut feeling’.
In fairness, there are exemptions out there for guardians of disabled children so there may have been a reason to believe an exemption could be claimed. However, there’s no evidence right now where she’s declared this to authorities/legal counsel.
Again, the UK has be of the most complicated tax systems and Rayner is one of many voices looking to further complicate this tax code. Therefore, there’s a certain irony to that.
Grendel
Well-Known Member
Then surely gift it rather than a trust set up for the purpose of allowing both parties to freely withdraw income?
Grendel
Well-Known Member
It’s the right wing press gunning for her!
www.theguardian.com
‘It’s a disgrace’: Rayner’s constituents call for her resignation after stamp duty row
In Ashton-under-Lyne there is little sympathy for the deputy prime minister’s tax troubles
Mucca Mad Boys
Well-Known Member
“Right wing conspiracy”It’s the right wing press gunning for her!
‘It’s a disgrace’: Rayner’s constituents call for her resignation after stamp duty row
In Ashton-under-Lyne there is little sympathy for the deputy prime minister’s tax troubles
Judging by the voting habits of Hove, I doubt the graffiti artists of Rayner’s home are right wingers. They could be, but an equal chance they’re ‘eco-populist’ Green voters who disdain tax evaders.
Discretionary trusts are not tax efficient and are not used to save tax.
The whole point of them is security and protection for family.
Gynnsthetonic
Well-Known Member
Why do you insist on examples all the time, they're all over the news.
Gynnsthetonic
Well-Known Member
Delusional
Gynnsthetonic
Well-Known Member
Angela Rayner's conveyancers deny giving tax advice – report
In a revelation that could well sink the Housing Secretary over the Stamp Duty row, the conveyancing firm has contradicted Angela Rayner's claims that they gave her tax advice.
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