meltonblue
Well-Known Member
- Joined
- 14 May 2013
- Messages
- 8,722
Well, that's bunkum too.
I was the first to quote the bit she got wrong
Since then all I've done is try and sift through the hatred, the misogyny and the class warfare to get to a bit of understanding. Unlike those rushing headlong to judgment (and making stuff up), I've tried to read the HMRC guidance - and the legalese of sectuon 4ZA behind it.
I'm open to correction on this, but from what I can see the actual HMRC declaration doesn't mention the "trust" in the question about ownership. So you could ignore this box if you didn't realise that ownership can mean something other than ownership - i.e. you're treated as an owner when you're not an owner. (Some might say the law is an ass.)
"Residential — additional properties":
Is where the purchase of a residential property results in you owning more than one residential property
If the new property is a replacement for your main residence which has not yet been sold, you must still use this code but you may be able to claim a refund when your main residence is sold
Good summary and the relevant case law of it all here -
Why Angela Rayner is likely to pay £8,000 in HMRC penalties
Why Angela Rayner’s Hove flat triggers the higher stamp duty rate — and why HMRC is likely to fine her about £8,000 for a careless mistake.
taxpolicy.org.uk