Angela Rayner today admitted she didn’t pay enough stamp duty on her new seaside flat and revealed she has now referred herself to an ethics watchdog.
The Deputy Prime Minister said she ‘deeply regrets’ the error made when purchasing her £800,000 seaside apartment in Hove, East Sussex.
Ms Rayner has referred herself to Sir Laurie Magnus, the PM’s Independent Adviser on Ministers’ Interests.
She said in a statement: ‘When purchasing the property my understanding, on advice from lawyers, was that my circumstances meant I was liable for the standard rate of stamp duty.
‘However, given the recent allegations in the press I have subsequently sought further advice from a leading tax counsel to review that position and to ensure I am fully compliant with all tax provisions.
‘I have now been advised that although I did not own any other property at the time of the purchase, the application of complex deeming provisions which relate to my son’s trust gives rise to additional stamp duty liabilities.
‘I acknowledge that due to my reliance on advice from lawyers which did not properly take account of these provisions, I did not pay the appropriate stamp duty at the time of the purchase.
‘I am working with expert lawyers and with HMRC to resolve the matter and pay what is due.’
Angela Rayner has referred herself to an ethics watchdog after admitting she didn’t pay enough stamp duty on her new seaside flat
She added: ‘The arrangements I have set out reflect the reality that family life is rarely straightforward, particularly when dealing with disability, divorce, and the complexities of ensuring your children’s long term security.
‘Every decision I have made has been guided by what I believe to be in my children’s best interests.
‘I deeply regret the error that has been made. I am committed to resolving this matter fully and providing the transparency that public service demands.
‘It is for that reason I have today referred myself to the Independent Adviser on Ministerial Standards, and will provide him with my fullest cooperation and access to all the information he requires.’
More to follow…
