Rayner Has Resigned

[usernamealreadytaken]

AIBU to say it isn't unexpected, or a surprise?

“As a trustee of a trust which owns a residence for children under 18 - that counts as such for stamp duty.”

Tax law surrounding trusts is far from simple, and it is easy to see why there are misunderstandings and why it’s sensible to get proper tax advice where trusts are involved. Even just looking at the basic HMRC guidance, you can see your understanding is not entirely accurate.

One section of the SDLT manuals :

“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)”

Speaking more generally, tax legislation can also be different depending on what type of trust is involved.

Thank fuck she's gone!

Rayner hounded anyone she could and then got found out herself. No excuses. She blew a good role, and will likely be out at next GE.

When you buy a house the solicitors have to follow money laundering regs. DS just had to show the detailed history of his £50k deposit. Wouldn't they have asked Raynor where she got her £160k deposit?

Oh if only you have thought of that years ago when the shit show started.

She should have been sacked. Disgraceful.

Sounds like Labour in opposition only they’re now in power and fucking it up.

Tax is a legitimised form of theft and no on really wants to pay it There is nothing wrong with using tax avoidance schemes but you need to get the right advice rather than asking johnny on the corner.

You'd empty the Commons if you demanded that.

I think she’d be great 🙌

I have some (very limited) sympathy for what she did and if she had fessed up and said “sorry I got it wrong, I didn’t intend to, but was trying to save money” as soon as it was brought to her attention, I would have had more.

in the end it was lying about what she did rather than her original actions that meant she had to go. stating that she had taken legal advice and had followed it was stupid. We cannot afford to have stupid ministers. This was the action of someone who panicked. We cannot afford to have ministers who panic - she had to go.

Not at all.

The use of personal service companies is not an illegal way to reduce tax bills.

Tax avoidance is not illegal, tax evasion is.

In any event Farage is not subject to any Ministerial Code

You need to learn a bit more about this before you write about it.

🤞🤞🤞

Well, that would rule out almost all politicians. Farage would be at the front of that with his lies over the NHS funding just before the Brexit vote.

Have we clearly established if she was given incorrect information or was deliberately cashing in?

TBH - I think if she'd not resigned over this, then the media would have kept hounding and digging on anything she is involved. Trial by social media all over again. We do this until we break the individual's mental health.

We get the politicians we deserve.

I've no party loyalities, but I am kind of sad that a strong woman who battled her way to do a role she gave a damn about, is gone and there's not been a full conclusive investigation. Fair do's if if has been proved she was committing fraud or tax evasion.

Majority of smart decent people would never want to be a politician - you can do fuck all right and get publicly smashed to bits.

So you'd rather an incompetent at best or a fraudster at worst. remain in power simply because you voted Labour.
All while they were looking down on others from their high horse!

Long before news travelled so fast, we were all aware that murky money dealings was Labour's speciality. Sex scandals belonged to the Conservatives.

Have you seen Starmer's handwriting? It's flip flopping all over the place. So it's true our handwriting reflects our personality.

Anyone with eyes in their head can see this is a huge misunderstanding. Tameside and Hove have a long, shared history - the cultural ties make them hard to tell apart - not for nothing is Ashton known as "Hove by the canal", and the close proximity and excellent transport links make her choice of Hove a no-brainer. She should have stood up to the elitist, classist misogynists and stood her ground.

. Wrong thread

Sadly that would exclude a high percentage of MPs from all parties who enter politics in order to benefit themselves rather than their constituents.
Don’t even get me started on Farage and his mob!

Firstly, she isn't his wife (not that it would matter if she was). Secondly, it isn't undeclared earnings - it is earnings paid through a company set up for the purpose. Neither of which are illegal (unlike not paying SD that is due). Even if his IR35 arrangements were deemed to be unlawful, it would incumbent upon the owners of GB News to hold responsibility under new laws around IR35. Farage is a lot of things, grifter, probably racist, divisive, nasty and an utter cockwomble. But one thing he isn't, I'm almost certain, is stupid. And I imagine he has (unlike Rayner) paid handsomely for the very best, water tight, Tax planning advice to ensure he is never caught out.

“Probably racist”?

Probably, yeah.

It's the arrogance of ALL of our politicians wherever they sit in the House that is so disheartening. Not a single altruistic one amongst.

On a lighter note I give you the Crewekerne Gazette 😁

Rightfully so.

But this is a post on Rayner resigning. If you feel Farage needs to resign too, then why not start another post? Her supporters all week have been doing the same ' okay, its happened. Let's move on. Nothing to see here, but, but, look, look over there........'