Angela Rayner’s constituency home was valued at the exact threshold for inheritance tax when part of it was placed in a trust using a wealth protection firm.
Tax experts told The Times it was a “remarkable coincidence” that the property owned by the deputy prime minister and her former husband was valued at £650,000, the maximum amount allowed before the tax becomes payable.
Of course, of course, we’re going to have Spud thundering on about tax avoidance. Aren’t we?
We, on the other hand, will simply continue to insist there is no such thing. There is tax evasion and x complaiance. Avoidance could be an attempt but it is not a state. For upon examination anything and everything collapses down to one of the two states – illegal evasion of obeying the law compliance.
On the other hand of course she’s lying through her teeth. This hovel is north of the A4, no way it could be worth £650k.
Good news for manufacturing in Scotland, and the UK.
I read this.
UK secures £10bn deal to supply Norway with warships
https://www.bbc.com/news/articles/cr5rgdpvn63o
This is the best thing Starmer has done for Scotland. 2000 highly skilled jobs for Scotland.
He does seem to like doing deals for the UK.
If it’s that cunt starmer doing the deal, we’ll most likely be paying £10bn to give Norway the ships.
“Unnamed tax experts told The Times it was a “remarkable coincidence” that the property owned by the deputy prime minister”
Fixed it. Also, one wonders why plural.
The Left wants to codify sins of omission. Send you to jail for what you didn’t do. If they could, the Left would send you to jail for what you THOUGHT of doing. Conspiracy of thought.
Lass has done very well for herself.
Early years as carer on a nadge over minumum wage, 10 years as an mp on c £80k a year before tax. Couple of years as Deputy on £130k before tax.
Lifetime earning bafore tax less than £1.5m, bought an £800k holiday house with what was left over after paying tax NI etc.
A sceptic might suggest something untoward in the amount of disposable money she has?
Nuffin’s too good for the werkers…?
Has the Oberstarmbannführer weighed in on this yet?
N.B. “early years as carer on a nadge over minumum wage”: I read someone who said she spent precious little time as a “carer” but lots of time as a trade union officer for carers. Anyone know whether that’s true?
It’s not even a “remarkable coincidence”; it’s entirely predictable that if something financially horrid happens when a property is valued at > £650,000, the market will naturally value a borderline property below that price. Nobody will want to pay £651,000 and suffer the horridness.
It’s fun watching the attempted political assassination but who’s doing it? Starmer camp killing a challenger or rival challenger?
“On the other hand of course she’s lying through her teeth.” Why would she exaggerate the value of the house, I ask myself. Presumably to keep down the CGT bill in ten years time. God knows what the CGT rate on property will be then.
Hurray, the grumbles can rumble on for another decade.
“Lifetime earning bafore tax less than £1.5m, bought an £800k holiday house with what was left over after paying tax NI etc.”
Suggestions have been made that she may have been given a sweet mortgage deal by a union. £800k down, repayments of tuppence ha’penny/month for elebenty years. Very advantageous for the union to get a potential PM in their pocket for less than 7 figures.
This hovel is north of the A4, no way it could be worth £650k.
Plenty of properties up there in Ange’s price bracket. See:
https://www.rightmove.co.uk/properties/160447457?utm_campaign=property-details&utm_content=buying&utm_medium=email&utm_source=sendtofriend#/&channel=RES_BUY
Tsk, you’re talking about mere price. I am divining some more ethereal – and truer – value. Of course.
I am divining some more ethereal – and truer – value. Of course.
I see. Of course. Those Spuddy “real” values above the vulgar and inaccurate market values…
Well, not wholly. Given my contempt for anything north of the A4 – I mean, now, really? – my valuations are rather lower than what plebs and proles might be willing to offer in mere cash….
Several of the best bits of England are north of the A4…
Nah, not possible. My flat in Bath is 20 yards north of it and I can see the deterioration happening already.
Some say Watford Gap, me the A4. All that’s good and holy is to the south. The bright lights of Twerton, the cosy pubs and frothing pints of Combe Down, The urbanity of Tucking Mill. All to the south mate, to the south.
Contempt for anything North of the M4 is opinion. Contempt for what lies East of Keynsham: just common sense.
West, it’s west of Keynsham….
And no, we won’t find Spud denouncing her; not yet, anyway. Not until he thinks she’s a goner. He still believes somebody important and left-of-centre will one day put him on ermine. So he keeps quiet and doesn’t notice or announces there’s nothing to see.
I do like the suggestion from an ASI intern iirc to make people self-assess their property value and pay a LVT as a set % of that number. The condition being that you must sell to anyone bidding your self-assessed value.
It doesn’t work for Ange over-assessing her property at £650k, but anyone under assessing has to be prepared to exchange at a couple months notice, auction allowed if they suddenly think they can get more.
But it does in theory mean we can replace Council Tax, Business Rates, SDLT and any other property related taxes in an efficient way which doesn’t involve government doing the assessing.
“I do like the suggestion from an ASI intern iirc to make people self-assess their property value and pay a LVT as a set % of that number. The condition being that you must sell to anyone bidding your self-assessed value.”
That would go down like a bucket of cold sick. Even if you assessed your house at a true market value, in effect anyone who fancies buying it can rock up and you have to sell. Your house is always on the market, its never really yours because at any point someone else can take it off your hands, whether you like it or not. The only way you could have some degree of security of tenure would be to overpay on your LVT by some margin. Which means you’re being charged by the State for the right to live quietly in your own property.
That policy would last as long as some sharp suited money men started kicking old ladies out of their homes. Or indeed some well heeled types started buying MP’s houses from under their feet. While it would be funny to watch the likes of Angela Rayner being forced to move every 3 months because someone keeps buying her houses, its still a sh*t idea.