Deputy Leader of the Labour Party, Angela Rayner, faces an investigation over the sale of her council house and the tax implications that followed, amid allegations of not meeting residential status requirements for capital gains tax.
Angela Rayner, the Deputy Leader of the Labour Party, is facing scrutiny over the sale of her former council house in Stockport in 2015 and subsequent tax implications. Concerns have been raised about whether the property, which underwent renovations including a larger kitchen and updated windows, was her principal residence, which affects capital gains tax liabilities.
The Greater Manchester Police is investigating “tax matters and other issues” linked to Rayner’s housing affairs, following allegations initially raised in an unauthorized biography and investigated further due to enquiries from Conservative deputy chair James Daly. During a heated session in the House of Commons, Rayner defended her actions, insisting she has complied with all legal requirements, although she admitted to not having specific tax advice at the time of the sale. She also stated she would resign if found guilty of any criminal offense.
Labour leader Keir Starmer has expressed his support for Rayner, emphasizing his confidence in her adherence to legal standards. The ongoing investigations and debates highlight the complexity of property tax regulations and the scrutiny on the financial dealings of public figures.