00:00I relied on that legal advice that I received that said that I was liable to pay the standard stamp duty.
00:09Subsequently to that, with all of the media reports that have been coming out,
00:14I took expert counsel advice on all of my affairs to ensure that everything was done proper.
00:21And that expert counsel said that the advice that I received was inaccurate because of the trust.
00:27I don't own the property, that is true. I only own one property that is mortgaged, like most people.
00:34But because of the nature of the trust that was set up by the court, that I would be liable to pay the additional stamp duty.
00:41As soon as I knew that that was the case, I have alerted and referred myself to the independent advisor on the ministerial code
00:50to ensure that they can look transparently at what's happened.
00:54And also contacted HMRC to say that there is additional tax owing on this and that I'm prepared to pay that
01:01and fully comply with the HMRC as well.
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