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Labour Demands Answers on Farage’s Clacton Home and Stamp Duty Exposure

Tax specialists say any beneficial interest could make him the buyer for duty purposes and increase the bill.

Overview

  • Labour chair Anna Turley wrote to Nigel Farage asking whether he has a beneficial interest in the Clacton property and who pays its bills.
  • The £895,000 house is registered to Farage’s partner, Laure Ferrari, after he previously said on several occasions that he had bought it.
  • Stamp duty analysis cited by experts puts the liability at about £32,500 if it is Ferrari’s main residence versus roughly £77,500 if treated as Farage’s additional property.
  • Farage says the home is wholly owned by Ferrari, denies lending her money or holding any financial stake, and rejects claims the arrangement was designed to cut tax.
  • Commentary contrasts the pressure on Farage with the Angela Rayner case, arguing his voter base is less likely to be moved by financial controversies.