Angela Rayner acknowledged not paying enough stamp duty on an £800,000 Hove flat bought in May. She paid the standard stamp duty rate (about £30,000) rather than the higher second-home rate (up to about £70,000). Rayner placed her stake in her Greater Manchester constituency home into a trust in January, naming her children beneficiaries, and removed her name from the deed. She counts the constituency home as her family home where her children live and where she is registered for many official purposes. Tax experts say the trust arrangement may still leave the property treated as her main home for tax purposes.
She says the reason she did so was that she had in January put her stake in her constituency home in Greater Manchester into a trust, with her children as the beneficiaries. Because she had then removed her name from the deed of the house, she was advised that she no longer counted as the owner of the property and therefore could classify the Hove flat as her only dwelling.
If the terms of the trust were such that she or her children could live in the Greater Manchester property for the rest of their lives, it still would be likely to count as her main home for tax reasons. Ashton-under-Lyne. The deputy prime minister counts her constituency home as her primary property for council tax reasons. It is where her children live and it is where she lives when she is in the constituency.
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