Angela Rayner tax fail

[Iwishicouldflyhigh]

But it’s ok because she was just badly advised.
I’ll remember that excuse next time I fill in my tax return.

But still confused about one can have 2 main homes?

The trust used £162,500 from the payout to buy the AR's share of the house which she used for the deposit on her £800,000 house in Hove.

Some posters will excuse almost anything

What is this? The Spanish Inquisition? Why is my opinion so important all of a sudden? No I don’t think she has.

Oh my God I can’t believe anyone could write this. It’s absolutely abhorrent.

What is wrong with people?

What's your issue? Angela's behaviour re the compensation?

My issue is the absolutely sick way that this has been framed.

Life - this gets worse. So she used some of the payout for her son to buy herself a luxury flat 100’s of miles away from Ashton and says she is co parenting.

She then puts the house in trust to save £££ as well as claiming she only needs to pay standard Stamp Duty.

And I choose my words carefully.

As in when I wrote sick I meant exactly that.

Oh I see.

Well, it's actually what happened. The trust was set up in 2020 when her child received a pay out. The trust fund (£162,500 of it) was used to buy out AR's share of the Ashton house. So the trust fund now owns £162,500 worth of equity in the house instead of the cash. The trust also owned 50% of the house in any event.

You don’t have a clue about the purpose of a trust in the case of a child such as this. Trusts have a good legal purpose in a number of circumstances. They aren’t merely vehicles to avoid tax but perhaps you mix only in such circles.

Of course she has. They tax us to death. She is avoiding tax. End of.

If the Trust has paid her £162k then yes. She has used the compensation to fund her share of the new property.

Unless I am misreading something.

A perfectly proper use of the damages for clinical negligence, on both occasions. As any decent clin neg lawyer would advise.

The trust bought out her share of the property in Ashton. The trustees (of which she was one) have a fiduciary duty to act within the trust regulations so presumably can justify the decision was made correctly.

’A pay out’ is also utterly revolting language.

This is shameful.

Your tax and mine are exactly the same as when the Tories were in power. Surely you’re used to it after all these years? Current tax rates are pretty reasonable, the basic rate was 33% when I started work with 9% NI on top.

Yes. I don't think I said anything to the contrary.

Well it wasn’t intend to be, so I apologise if that’s how it came across.

Sevillian. If Johnson had done something like this would you be defending this?

If she really has used the Trust to fund her new £800k flat then she is finished.

No it isn't. It's perfectly usual language. Pay out or compensation.

So you agree with her tweet that tax avoidance causes death but it’s also ok she avoided tax because we are paying the same rate of tax?

You used the term ‘pay out’ which in the circumstances of negligence resulting in life long disability from birth is quite disgusting. There’s no excuse for using such loaded language when a child has been harmed, none whatsoever. You should be seriously ashamed.

I think that’s a very long way of the mark. No one’s suggesting that are they?