Angela Rayner consulted three people before purchasing an £800,000 flat in Hove and has admitted underpaying stamp duty. One adviser was experienced in conveyancing and two were experts on trusts, but it is unclear if any were tax experts or knew full trust details, which helped fund her son's care. Rayner denied attempting to dodge higher tax and blamed initial legal advice that failed to properly take account of the situation. Reports say she saved £40,000 by not paying the higher rate for additional homes. Sir Keir Starmer retains confidence, and the Independent Adviser on Ministers' Interests will determine whether appropriate advice was sought.
"It is understood that the deputy prime minister consulted one individual experienced in conveyancing and two experts on the law around trusts before the purchase. However, it is unclear if any of those people were experts in complex tax law and it is not known if they knew about the full details of the trust, which was set up to help fund care for her son."
"She has been under mounting pressure in recent weeks after reports emerged she had saved 40,000 in stamp duty on her East Sussex flat by not paying the higher rate reserved for additional home purchases. She says she acted on the expert advice at the time, but has in recent days learned that arrangements involving her family home in Greater Manchester meant she should have paid a higher rate."
Read at www.bbc.com
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