|
|
Post by see2 on Mar 18, 2024 17:19:24 GMT
Well all Rayner has to do to stop the jibes is come clean. Chancellor Jeremy Hunt had the Tories in hysterics as he took a swipe at Angela Rayner while presenting his Spring Budget. Referencing the Labour deputy leader’s “multiple dwellings”, Hunt jibed that Rayner was “paying close attention” as he unveiled his plan to axe multiple dwellings’ relief. Nothing more than the usual insinuations here, so move on. |
|
|
|
Post by ProVeritas on Mar 18, 2024 20:47:20 GMT
|
|
|
|
Post by Fairsociety on Mar 19, 2024 10:25:14 GMT
Another good reason to get rid of him. |
|
|
|
Post by dodgydave on Mar 23, 2024 3:06:18 GMT
Guido has doubled down and is saying Rayner lied during her Newsnight interview: Interestingly it turns out the police initially refused to investigate the allegations, but following a complaint are now "assessing whether to investigate" lol. They say she is lying in the interview when she states she was a Home Help when she sold the house. They say she stopped being one 10 years prior to the sale, and at the time she was a Trade Union Rep and Labour candidate. They also say she is lying about when she sold the house, it was 9 years ago, not the 15 she is claiming. order-order.com/2024/03/22/rayner-spins-tax-to-newsnight/Does anybody believe she got married, then lived apart from her Husband for 5 years... and her brother lived with her husband for these same 5 years? In direct contradiction to what her neighbours are saying lol. |
|
|
|
Post by Pacifico on Mar 23, 2024 7:39:39 GMT
I must admit it's the first time I have heard that someone got married and then send their brother to live with their new husband in their place..
..they have some very strange customs up North..
|
|
Nemo
Full Member
Posts: 102
|
Post by Nemo on Mar 23, 2024 12:05:34 GMT
I'm a retired Chartered Accountant and Chartered Tax Adviser. I ran my own tax consultancy business for 35 years.
The tax laws on people who have multipe homes are complex and obscure to most people. I recall that I had a client with a business in the USA where he lived. He had a house in the UK which he visited every two years or so. I claimed this as his Principal Private Residence with the UK tax authorities - all quite legal.
Like most MPs she would have had an accountant. She claims to have taken expert advice so this may just be good tax planning.
|
|
|
|
Post by Fairsociety on Mar 23, 2024 12:14:37 GMT
I'm a retired Chartered Accountant and Chartered Tax Adviser. I ran my own tax consultancy business for 35 years. The tax laws on people who have multipe homes are complex and obscure to most people. I recall that I had a client with a business in the USA where he lived. He had a house in the UK which he visited every two years or so. I claimed this as his Principal Private Residence with the UK tax authorities - all quite legal. Like most MPs she would have had an accountant. She claims to have taken expert advice so this may just be good tax planning. Assuming it's all aboveboard, brings us down to the principle of the matter, so she used a tax loophole to avoid any taxes, given who she is and what she's always screaming and shouting about those 'Tory scum' who she is going to make sure the wealthy don't use tax loopholes and non-dom status to avoid taxes, this makes it even worse, it's the typical double standard hypocrisy that the lefties are always guilty of.
|
|
Nemo
Full Member
Posts: 102
|
Post by Nemo on Mar 23, 2024 17:30:47 GMT
I'm a retired Chartered Accountant and Chartered Tax Adviser. I ran my own tax consultancy business for 35 years. The tax laws on people who have multipe homes are complex and obscure to most people. I recall that I had a client with a business in the USA where he lived. He had a house in the UK which he visited every two years or so. I claimed this as his Principal Private Residence with the UK tax authorities - all quite legal. Like most MPs she would have had an accountant. She claims to have taken expert advice so this may just be good tax planning. Assuming it's all aboveboard, brings us down to the principle of the matter, so she used a tax loophole to avoid any taxes, given who she is and what she's always screaming and shouting about those 'Tory scum' who she is going to make sure the wealthy don't use tax loopholes and non-dom status to avoid taxes, this makes it even worse, it's the typical double standard hypocrisy that the lefties are always guilty of.
"she is going to make sure the wealthy don't use tax loopholes and non-dom status to avoid taxes"
That's fine, just change the law but until then she is doing nothing wrong. She is using the tax system as Parliament intended it to be used. Her accountants would have been professionally negligent had they not advised here accordingly.
There is an old tax case that sums up the position beautifully:
As Lord Clyde says, the Inland Revenue are not slow to use every bit of the law to their advantage so why shouldn't a citizen exercise the same rights?
If you think that something is wrong with the tax laws then change them - simple as that!
|
|
|
|
Post by Bentley on Mar 23, 2024 18:08:45 GMT
As she benefitted from both Thatcher and tax laws then she should be wary to make public judgements on either Thatcher or tax laws .
|
|
|
|
Post by Fairsociety on Mar 23, 2024 18:14:03 GMT
Assuming it's all aboveboard, brings us down to the principle of the matter, so she used a tax loophole to avoid any taxes, given who she is and what she's always screaming and shouting about those 'Tory scum' who she is going to make sure the wealthy don't use tax loopholes and non-dom status to avoid taxes, this makes it even worse, it's the typical double standard hypocrisy that the lefties are always guilty of.
"she is going to make sure the wealthy don't use tax loopholes and non-dom status to avoid taxes"
That's fine, just change the law but until then she is doing nothing wrong. She is using the tax system as Parliament intended it to be used. Her accountants would have been professionally negligent had they not advised here accordingly.
There is an old tax case that sums up the position beautifully:
As Lord Clyde says, the Inland Revenue are not slow to use every bit of the law to their advantage so why shouldn't a citizen exercise the same rights?
If you think that something is wrong with the tax laws then change them - simple as that!
All I am saying if I use a tax loophole to avoid taxes, but then shout from the rooftops that I want to stop others from doing it, then I will be a double standard hypocrite, which is exactly what Rayner is, it's nothing to do with legality it's to do with integrity and telling us ' you intend to stop others from doing what you have done' ... |
|
Nemo
Full Member
Posts: 102
|
Post by Nemo on Mar 23, 2024 20:53:45 GMT
"she is going to make sure the wealthy don't use tax loopholes and non-dom status to avoid taxes"
That's fine, just change the law but until then she is doing nothing wrong. She is using the tax system as Parliament intended it to be used. Her accountants would have been professionally negligent had they not advised here accordingly.
There is an old tax case that sums up the position beautifully:
As Lord Clyde says, the Inland Revenue are not slow to use every bit of the law to their advantage so why shouldn't a citizen exercise the same rights?
If you think that something is wrong with the tax laws then change them - simple as that!
All I am saying if I use a tax loophole to avoid taxes, but then shout from the rooftops that I want to stop others from doing it, then I will be a double standard hypocrite, which is exactly what Rayner is, it's nothing to do with legality it's to do with integrity and telling us ' you intend to stop others from doing what you have done' ...
There is no way that this could be described as a tax loophole. HMRC's own Capital Gains Tax Manual describes how this work, and what to do to claim the relief - yes, it is described as a relief:
I've never know a tax loophole appear, along with instructions, in an Inland Revenue Manual. They don't give lessons on how tax loopholes work.
The Inland Revenue Manuals are based on Finance Acts passed by Parliament,
|
|
|
|
Post by dodgydave on Mar 23, 2024 23:24:56 GMT
I'm a retired Chartered Accountant and Chartered Tax Adviser. I ran my own tax consultancy business for 35 years. The tax laws on people who have multipe homes are complex and obscure to most people. I recall that I had a client with a business in the USA where he lived. He had a house in the UK which he visited every two years or so. I claimed this as his Principal Private Residence with the UK tax authorities - all quite legal. Like most MPs she would have had an accountant. She claims to have taken expert advice so this may just be good tax planning. She wasn't an MP at the time. When pushed she now says she took expert advice when the Mail on Sunday broke the story, not when she sold the house. Let's face it, loads of people get together with both people owning their own home, and loads of people will have ducked capital gains tax by claiming they lived separately. It's the bullshitting about it that is making her look a complete hypocrite. Also, why is she lying about when she sold it? She appears very shifty in that Newsnight interview. The Tories will be smelling blood. Starmer has already distanced himself from it by saying he hasn't seen the "expert advice". I'd bet my house that somebody is going to bung the ex-husband (she cheated on) a pile of cash to dish the dirt on her during the election campaign. |
|
Nemo
Full Member
Posts: 102
|
Post by Nemo on Mar 24, 2024 8:10:54 GMT
I'm a retired Chartered Accountant and Chartered Tax Adviser. I ran my own tax consultancy business for 35 years. The tax laws on people who have multipe homes are complex and obscure to most people. I recall that I had a client with a business in the USA where he lived. He had a house in the UK which he visited every two years or so. I claimed this as his Principal Private Residence with the UK tax authorities - all quite legal. Like most MPs she would have had an accountant. She claims to have taken expert advice so this may just be good tax planning. She wasn't an MP at the time. When pushed she now says she took expert advice when the Mail on Sunday broke the story, not when she sold the house. Let's face it, loads of people get together with both people owning their own home, and loads of people will have ducked capital gains tax by claiming they lived separately. It's the bullshitting about it that is making her look a complete hypocrite. Also, why is she lying about when she sold it? She appears very shifty in that Newsnight interview. The Tories will be smelling blood. Starmer has already distanced himself from it by saying he hasn't seen the "expert advice". I'd bet my house that somebody is going to bung the ex-husband (she cheated on) a pile of cash to dish the dirt on her during the election campaign. If she lied about something (don't know that she did) that's a different matter, but she certainly wasn't using a tax loophole. |
|
|
|
Post by Bentley on Mar 24, 2024 10:55:50 GMT
She can’t have it both ways . Condemning corporations for legal tax avoidance and doing it herself is sheer hypocrisy.
The only difference between her and ‘ tory scum’ is that she is doing it on a smaller scale .
|
|
|
|
Post by see2 on Mar 24, 2024 11:13:55 GMT
She can’t have it both ways . Condemning corporations for legal tax avoidance and doing it herself is sheer hypocrisy. The only difference between her and ‘ tory scum’ is that she is doing it on a smaller scale . It looks like a pile of typical Tory insinuations to me. AS far as I'm concerned that is the way it will remain until some positive proof emerges to prove she did wrong. |
|
