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?

Exactly.

• 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)

I read this too. How old is the son who needs care?

The text says under 18

She consulted a conveyancer (??) and two people who are experts in trusts according to radio 4. No tax expert it appears. So she took advice on how to set up a trust but not her tax position it appears. It’s reasonable to keep the adapted house for her child but not avoid tax.

Text? Do you mean info published by the media or literally a 'text' from someone?

Even if it was all above board, she's tone deaf to how this looks in principle.

There is a massive housing shortage. She has got 3 houses (okay one comes with the job) but nevertheless it seems to rub people's noses into 'I'm all right folks while you wait forever for those 1.5million homes I've promised for you.'

She could have waited longer than 9 months to buy herself a pad for £800K overlooking the seafront, given the dire state of housing in the country.

It just looks greedy and crass.

The trust people have put out a statement already that it wasn’t them. So who?

Please explain where in @hamstersarse post, she's accusing Angela Rayner's advisers of tax evasion, because I can't see it.
I see murky, minimise and avoid which do not suggest evasion.

The text in the published info that you replied to. If you click to see the thread it will be there but il copy below. I cam see you have now edited but to confirm the child is under 18. If the child was over 18 then they wouldn't be considered a child and the property would be in their own name.

LovelyLuluu · Today 08:05
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)
The child is over 18

Yep you just made p a load of stuff, which is typical of the sort of right wing rubbish we ve come to expect.

btw i think she shd go and have said so..... but unjustified lies? no.

I was querying what you meant by text.
I know the text. I read it last night.
I didn't know how old her disabled son was as she has 3 sons.

Always the insults.

It’s Labour too. Rayner on the attack, insulting others until she gets found out and turns on the tears. Nasty stuff.

Incorrect. The trust was set up in 2020 to contain the compensation received by her son. He was always the beneficial owner and therefore would never be part of the divorce estate of his parents. Good to get the facts right.

17 and registered blind

He’s 17

A google search showing tweets of Anges suggests he’s around 17

For those defending “our Ange” and saying she’s not a hypocrite, shall we consider a few things?

Has largely built or at least advanced her career based on vocally criticising the Tories for their actions and policies.

Is able to obtain a council house after a young pregnancy under a Tory government, and is able to raise the child on benefits under a Tory government, despite constantly criticising how badly the Tories treat “the poor”.

Buys council house using the despised Thatcher RTB discount, despite a mounting housing shortage, while working a min wage job topped up with union payments and welfare benefits under a Labour government.

Gets married to somebody who had his own home (not clear whether owned, rented or council), maintains both homes and switches addresses to suit her needs, perhaps including retaining council tax discount and the ability to sell her “primary residence” without attracting CGT? Wonder whether she claimed any single parent benefits during that time, given she did not live with anybody as man and wife, despite being married?

Hounds nasty Tories for avoiding paying tax. Demanded the resignation of Nadhim Zahawi (who made a mistake and subsequently paid the tax). Criticised the PM’s wife who was not actually a minister of state for her legal tax status.

Sells “primary” residence and pockets full profit with no CGT liability, as it’s her “primary” residence.

”Sells” her share of current family home to her son’s trust, which she is a trustee of, and buys nice new pad with boyfriend 300 miles away from the home she still regards as her “primary” residence, despite no longer owning it (except technically). Does not pay second home SDLT on Hove property because it’s the only property she now “owns”, despite technically still owning a property for her minor child/ren in trust.

Pays full council tax at her “primary” residence (Ashton, the one she no longer owns), so taxpayers pay council tax at her substantial second home (provided free through work), and pays second home premium council tax at her only owned property, which isn’t particularly close to either her place of work or her primary residence where she “stays often” with her children. Wonder whether she pays rent to the trust, as is not an unusual requirement?

Tells everyone she received poor advice so paid the wrong amount of tax.

Sexist/working class.

Cries.

Now substitute “our Ange” with a nasty Tory name and see how much sympathy you still have.

I do not no the complexities of her son's case, nor do I need or want to. But it might be that when he reaches 18 he has capacity to be involved in and be the deemed owner of the Manchester property. In which case, as it's within a 2, or is it year window of he buying the flat in Brighton she would be able to reclaim the additional stamp duty anyway. Though not, I suspect, any penalties that resulted from incorrect declaration in the first place

Disabled son was born September 2008. Today is apparently his 17th birthday.

I mean, I know that most cabinet ministers don't spend that much time on constituency matters, but how she is supposed to properly represent the good people of Ashton-under-Lyne from her new home almost 300 miles away on the south coast?

"Lies" should always be called out Eastern, as i'm sure you'd agree.

Or do you think Rayner had a court set up a trust for her to avoid IHT or was it done to protect her son?

Which is it

So, in a years time, well within the time limit, of 3 years, Rayner would have had the additional tax refunded.

Seems a lot of hassle for zero gain....

She can’t. She’s treating the public like fools. The reason for the luxury Brighton flat is because her on off bf Tarrys ex wife and kids live there 😂

It’s the usual attacks and insults when up against the wall.

Labour too, nasty to the point of being found out then turn on the tears.