Starmer’s chronicles

[nomadking]

Originally Posted by Pierre

Setting up a trust and putting the property in the trust is also a way of circumventing inheritance tax.

I know this because I am also looking at this option.

I don’t fancy it , because you don’t then own the property, the trust does. And there’s a whole myriad of potential issues you need to mitigate against.

But, it is an option.

Is it a coincidence that transferring part of the property to the trust in 2023, allowed her to withdraw £162,500 from the trust.

[papa smurf]

Angela Rayner pocketed £1000 of freebies while staying at new Brighton scandal apartment

Angela Rayner has compounded her scandal nightmare after it was revealed she accepted £1,100 in free tickets just days before her flat tax scandal emerged. According to her register of interests, Ms Rayner pocketed the costly gift to Brighton pride, as she settled into her new town.

The tickets were provided by BN1 Events, and registered just one day before the first reports emerged of her new pad in the same coastal resort. Ms Rayner’s decision to accept the tickets raises further questions about the top Labour minister’s political judgement,

https://www.express.co.uk/news/polit...ebies-Brighton

[Sephiroth]

Is there a clue about Rayner's tax management intentions in that the constituency home was valued at exactly £650,00, which is the IHT threshold for Mr & Mrs Rayner?

There is a distinct possibility that she will lose her position as Deputy PM and SoS for Housing etc. In that case, she's well up shit creek regarding mortgage repayments.

[papa smurf]

Originally Posted by Sephiroth

Is there a clue about Rayner's tax management intentions in that the constituency home was valued at exactly £650,00, which is the IHT threshold for Mr & Mrs Rayner?

There is a distinct possibility that she will lose her position as Deputy PM and SoS for Housing etc. In that case, she's well up shit creek regarding mortgage repayments.

good

as a law abiding citizen i pay my Taxes and expect the politicians who set those taxes to pay there's, i would say HMRC must investigate her dealings going back years to see if there is a pattern of tax evasion. and while there at it check her out for council tax irregularities

it pisses me off when Starmer refers to her as a working class woman, she's deputy prime minister of the united kingdom ,that aint a working class job it's the top of the ladder,and hasn't she learned how to be first at the trough when the feeding frenzy starts

[Sephiroth]

If we grant that Rayner was misadvised by the tax lawyer/accountant, we come down her personality and image.

On the face of it, she, as a tax-paying citizen, engineered her property transactions to minimise tax liability. That is entirely legal.

Selling her share of the constituency home to the son's trust fund seems not to have crossed any legal lines. Bottom line would be that the money is realisable when/if the asset is liquidated. But, it's obviously part of the wheeze that any Conservative would have been shamed by her for doing.

The waters then muddy further. In this saga, she has two primary residences; one in the constituency for council tax purposes (but she doesn't own any of that); the other is a primary residence in Hove for Stamp Duty purposes. The second 'wheeze' has fallen through and she owes HMRC £40,000 - a huge sum for ordinary working people.

Politically, she is the Housing SoS (failing) and it's one law for her and another law for 'ordinary working people' - at least that's the perception. Remember also, that she labelled Conservative ministers as "****" (2021). By corollary, that remark applied to all Conservative voters. Her anti-Tory resentment will not have gone away, particularly now that said '****' are going after her.

Next, there is Starmer. GB News is doing an excellent job digging up all the righteous speeches he has made about Boris, Patel and other Conservatives. Now Starmer needs to think carefully about what he says and does - because his words will always be made to haunt him by the media. The people generally dislike Starmer as much as they are now turning on Rayner. If Starmer does not remove her from office, or if she does not resign, he will be in Boris territory.

Finally: will a donor/benefactor come forward to shove £40,000 her way? Will that benefactor buy the Hove property from her and then allow her to live there? And isn't the Hove property, a constituency bolt hole for her because she fears her Ashton seat will be lost?

[nomadking]

Originally Posted by Sephiroth

Is there a clue about Rayner's tax management intentions in that the constituency home was valued at exactly £650,00, which is the IHT threshold for Mr & Mrs Rayner?

There is a distinct possibility that she will lose her position as Deputy PM and SoS for Housing etc. In that case, she's well up shit creek regarding mortgage repayments.

Valuing at such a high amount also allowed her to extract the maximum from her son's trust fund. She couldn't have bought her Brighton property unless she sold her share to the trust fund.
Is the trust fund also paying part of the mortgage on the constituency home?
All starting to look more than a bit murky.