Deputy Labour leader Angela Rayner said she did 'nothing wrong' when selling her former council house before she became an MP - following questions about whether she paid the right amount of tax on the sale.
READ MORE:From Windermere, via Wigan, to the cartels of Dubai - how detectives smashed international drugs ring Lord Ashcroft’s book alleges that the MP bought her former council house, in Vicarage Road in Stockport, with a 25 per cent discount in 2007 under right-to-buy, a scheme introduced by former Tory prime minister Margaret Thatcher in 1980. The former carer is said to have made a £48,500 profit when selling the house eight years later.
Tax expert Dan Neidle has estimated that, while Ms Rayner may not have owed anything in capital gains tax following the sale depending on her residency situation, there are circumstances in which she could have owed as much as £3,500 to the taxman. Asked by reporters about Mr Neidle’s calculations, the Opposition frontbencher said there was “no capital gains tax to pay”.
Ms Rayner was also quizzed on her living arrangements at the time and about whether the house she sold under right-to-buy had been her main home. She said: “Vicarage Road was my principal property but when my children were born, I would spend time at Lowndes Lane because my children … I had a teenager and two babies.
"But there was never any deceivement or any problems with, or any question about avoiding capital gains or not saying what was right on the electoral roll. That was my house.”
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