"Rayner said in a statement on Wednesday she had taken legal advice when she bought a 800,000 flat in Hove, which suggested she was liable to pay standard stamp duty, but had then sought further advice from a leading tax counsel after headlines about the arrangement. She learned that the initial advice had been inaccurate and she was liable to pay additional stamp duty."
"I have full confidence in Angela Rayner. She's a good friend and a colleague. She has accepted the right stamp duty wasn't paid. That was an error; that was a mistake. She is working hard now to rectify that, in contact with HMRC to make sure that the correct tax is paid. Anyone that saw Angela's statement yesterday, saw her interview yesterday, I think will have a lot of sympathy with some of the challenging family circumstances around this, around Angela's disabled son."
"It is further understood that Rayner was given three separate pieces of legal advice before buying the property in Hove. Sources said a conveyancer and two experts in trust law had all suggested that the amount of stamp duty she paid on the property was correct and that she acted on the advice she was given at the time."
Angela Rayner underpaid stamp duty on an 800,000 flat in Hove after relying on initial legal advice. She received three separate pieces of legal advice including from a conveyancer and two trust law experts, and later learned that the initial advice was inaccurate. The additional liability arose because she placed her stake in her Ashton constituency home into a trust set up in 2020 for her disabled son. Rayner has referred herself to the independent ethics adviser and HMRC and is working to rectify the tax position. Keir Starmer has expressed support while the opposition called for her resignation.
Read at www.theguardian.com
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