All this talk (elsewhere) about how Rayner was badly advised, poor Angela, she didn’t know, it’s not her fault, it’s her lawyer/tax accountant who are to blame etc. It really annoys me.
It look me less than 2 mins to google “HMRC higher stamp duty rates” and find the following wording on the HMRC website:
”If any of you will own, or part own more than one residential property worth £40,000 or more, you will have to pay the higher rates on your new purchase (unless there is another reason why the higher rates do not apply).
Include any residential property that:
is owned on behalf of children under the age of 18 (parents are treated as the owners even if the property is held through a trust and they are not the trustees)”.
Which is pretty clear to understand, I think.
If Rayner either doesn’t know or doesn’t understand her own government’s tax rules, or doesn’t know where to look them up, then I dread to think what else she doesn’t know about or doesn’t understand.