"Rayner buys a house in Ashton-under-Lyne, Greater Manchester, with her then-husband Mark, which becomes their family home. A court orders that a trust be set up to manage a financial award made to her severely disabled son, reportedly from the NHS, linked to his premature birth. During their divorce, the couple each decide to transfer some of their share in the family home to the trust set up for their son."
"The deputy prime minister uses the sum, along with a mortgage, to buy a three-bedroom flat in Hove, East Sussex, for 800,000. According to Rayner, she was advised she would only need to pay the standard rate of stamp duty on the purchase. The Mail on Sunday and Sun on Sunday report her purchase of the Hove flat, with the Tories calling on her to clarify where she pays council tax."
Rayner and her then-husband owned a family home in Ashton-under-Lyne. A court ordered a trust to manage a financial award for their severely disabled son linked to his premature birth. During the divorce, both transferred shares of the family home to the trust and Rayner sold her remaining stake, receiving a lump sum thought to be 162,500. Rayner used that sum and a mortgage to buy a three-bedroom flat in Hove for 800,000. She says she was advised to pay the standard stamp duty rate. Reports say she saved 40,000 by not paying a higher rate, prompting calls for an ethics probe, a legal review, and efforts to lift a court order restricting details.
Read at www.bbc.com
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