"For council tax purposes, she has classified her house in Ashton-under-Lyne, Greater Manchester, where she is the MP, as her main residence, thereby avoiding a 2,000 bill on her grace-and-favour apartment in London. But she has since put the constituency home into a trust before declaring the flat in Hove, East Sussex, as her sole dwelling at the time of purchase."
"Rayner disposed of the Ashton house into a trust before midnight of the day of completion. But she would be regarded as still owning it if she or her children are a beneficiary under the trust and entitled to occupy the dwelling for life. The key question is whether she or her children are so entitled. He added that while Rayner would have declared her Hove flat as her only house, officials at HMRC would have until next spring to challenge that designation."
Angela Rayner bought an £800,000 flat in Hove and paid £30,000 in stamp duty after declaring it her only residence. If HMRC determines the Hove flat was an additional dwelling, the higher stamp duty would be £70,000, creating an extra tax bill of about £40,000. Rayner had classified her Ashton-under-Lyne house as her main residence for council tax, avoiding a £2,000 bill on a London grace-and-favour apartment, and placed the constituency home into a trust before completion. Ownership for tax purposes can persist if she or her children are beneficiaries entitled to occupy the trust property. HMRC has until next spring to challenge the residence designation.
Read at www.theguardian.com
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