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  • 4 months ago
Angela Rayner resigns as UK deputy prime minister over stamp duty underpayment

In the UK, levies are charged on property purchases, with higher charges due on more expensive homes and second homes.

READ MORE : http://www.euronews.com/2025/09/05/angela-rayner-resigns-as-uk-deputy-prime-minister-over-stamp-duty-underpayment

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00:00Angela Rayner has resigned as Downing Street's No. 2 and Housing Secretary after a row over
00:05her failure to pay enough tax on a seaside flat she owned.
00:09Rayner said she takes full responsibility for failing to seek further tax advice after
00:13it was revealed she underpaid stamp duty on her ÂŁ800,000 flat in East Sussex.
00:19Months before she bought the flat, she put her stake in her Ashton house into a separate
00:24trust.
00:25The accusations were that I'd set up a trust or I'd flipped it to try and avoid paying
00:30it, but actually the complex area of the trust which the advice that I relied upon didn't
00:38pick that up.
00:40The leading tax counsel who has subsequently looked at it has gone into that and has said
00:45that actually because of that it did remain my sole property and the trust wasn't set up
00:51as accusations have been made for me to try and flip or dodge tax or anything of that
00:58nature.
00:59Rayner, who was also deputy leader of Prime Minister Keir Starmer's Labour Party, was widely
01:04considered one of the most powerful women in the UK.
01:07She represented a core working class voice in Starmer's government, having grown up in
01:12poverty and rising to the top of the Labour Party.
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