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Rayner Awaits Ethics Verdict After Admitting £40,000 Stamp Duty Shortfall

Her conveyancer rejects blame for the miscalculation, putting fresh focus on what advice she obtained.

Overview

  • An independent report by ethics adviser Sir Laurie Magnus is expected shortly, and Keir Starmer has said he will act on its findings.
  • Angela Rayner acknowledged paying £30,000 instead of the £70,000 due on an £800,000 Hove flat and has referred herself to the standards watchdog.
  • Verrico & Associates says it offered no tax or trust advice, calculated duty using HMRC’s tool from details provided by Rayner, and claims it is being made a scapegoat.
  • Rayner cites earlier guidance linked to a trust for her disabled son as the basis for paying the standard rate, before a tax barrister advised that surcharge rules applied.
  • Political pressure has intensified with calls for her resignation and graffiti at the Hove property, while she works with lawyers and HMRC to resolve the liability.