UK Politics

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Angela Rayner tells BBC she will not repay severance payment (www.bbc.co.uk)

submitted 1 week ago by mannycalavera@feddit.uk to c/uk_politics@feddit.uk

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What would you do with £16k of tax payer's money? I suppose pay your tax bill maybe? 🤔

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[–] kip@piefed.zip 7 points 1 week ago

Sir Laurie said she did get legal advice when buying the property, but failed to seek further expert tax advice as recommended.

i know this was all gone over at the time but fuck me. the excuse for dodging stamp duty was that her house was held in a trust fund for her kid who was 17 at the time

five minutes or so on the gov.uk stamp duty website gets you:

https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property

higher rates apply to [...] 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)

this counts as expert tax advice apparently