Inside Angela Rayner’s stamp duty scandal and the questions still left to answer
Deputy prime minister Angela Rayner has disclosed she underpaid stamp duty on a seaside flat, claiming she received incorrect legal advice about a complex tax rule.Ms Rayner’s admission followed mounting pressure and media reports claiming she saved £40,000 on the property in Hove, East Sussex, by removing her name from the deeds of a family home in her Ashton-under-Lyne constituency.Political opponents have clamoured for Ms Rayner’s resignation over the issue, as the ministerial ethics adviser investigates the matter – likely deciding her political future.The incident has also highlighted the intricate nature of stamp duty, which applies in “slabs”, with homebuyers paying increasing portions of the property price when purchasing a residential property.Here, The Independent looks at the issue and Ms Rayner’s position:What are the rules around stamp duty?For those buying their first home, or moving from one to another, stamp duty is usually quite straightforward. There are several rates liable on the purchase, ranging from zero to 12 per cent, based on its value. The Deputy Prime Minister is under mounting pressure over the details of her purchase of a property in Hove (Aaron Chown/PA) More
