Summary
Angela Rayner, the UK Deputy Prime Minister, is facing a possible fine and an additional £40,000 payment for underpaid stamp duty on a flat she bought. She claimed she was advised incorrectly regarding the tax due. Rayner could face a fine if tax authorities decide she was "careless" in handling her tax matters.
Key Facts
- Angela Rayner is the UK Deputy Prime Minister and Minister in charge of housing.
- She bought a flat in Hove for £800,000 and paid less stamp duty than required.
- She claimed the flat as her only property, paying £30,000 when £70,000 should have been paid for a second home.
- Rayner says she relied on incorrect legal advice in declaring the tax amount.
- HM Revenue and Customs can issue penalties for underpaid tax if deemed "careless."
- The penalty typically ranges from 20% to 30% of the underpaid tax, possibly adding £12,000 to her liabilities.
- Questions are raised about whether Rayner sought proper tax advice.
- Rayner previously transferred her interest in another home into a trust after her divorce.
