Angela Rayner ought to verify the tax guidelines, Labour-backing knowledgeable says

Angela Rayner ‘may have misunderstood the law’ and didn’t pay as much as £3,500 in Capital Gains Tax on the sale of her council residence, a Labour-backing tax knowledgeable believes.

Dan Neidle, a former main City lawyer, stated Labour’s deputy chief could have been improper concerning the guidelines on tax for married {couples} promoting their properties.

Mrs Rayner has been dealing with questions on her residing circumstances on the time she offered her former residence, which she purchased below Margaret Thatcher’s right-to-buy coverage.

According to the electoral register, she was residing at her home in Vicarage Road, Stockport between 2009 and 2015. 

But neighbours say she moved into her husband’s residence in 2009, and Mrs Rayner acknowledged that she lived in his residence when she re-registered her kids’s births in 2010, the 12 months she bought married.

She has denied wrongdoing and acknowledged that she was ‘not liable for CGT because it was my home and the only one I owned’, including: ‘My husband already owned his own home independently.’

Mr Neidle stated it might be ‘sensible’ for Mrs Rayner to talk to a lawyer to make sure she had paid the correct amount of tax, if any was due, on the sale of the home. 

‘If it turns out she failed to pay a small amount of CGT, I think most people would understand that as a mistake – but it’s a mistake she will, and may, clarify and proper,’ he stated.

HMRC states that an individual doesn’t have to pay CGT on their important residence – however provided that they’ve lived in it as their ‘main home for all the time [they’ve] owned it’.

Mrs Rayner has stated she ‘lived there, paid the bills there and was registered to vote there, prior to selling the house in 2015’. Her spokesman declined to touch upon Mr Neidle’s evaluation.