Questions are coming for Angela Rayner after the sale of her former council house, bought by her under the Right to Buy scheme, for a £48,500 profit. The Tories have already written to Greater Manchester Police over concerns that Rayner listed her Vicarage Road property in Stockport as her primary residence while registering her children to the property owned by her husband a mile away on Lowndes Lane. Anyone who knowingly provides false information about the address they are registered to vote at could face conviction and a prison sentence…
Now more questions are being asked about Rayner’s tax affairs. If you sell your primary residence you do not pay Capital Gains Tax (CGT) under Private Residence Relief. The Tories want to know which of the two addresses was Rayner’s principal primary residence between 2009 and 2015 and whether Rayner made use of the tax relief when she sold her Vicarage Road property. Considering Rayner’s rabid passion for capital gains tax, that would take the biscuit…
Rayner has gone against Reeves to support an increase in the rate of CGT. She has also promised to “review the unfair additional market discounts of up to 60 per cent” under the Right to Buy scheme. Guido supports all politicians who may seek to avoid CGT, which is a badly designed voluntary tax on transactions, unless they are also calling for it to be hiked…
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