Deputy PM Rayner remains in post after £40k stamp duty error based on tax advice

Deputy PM refers herself to ministerial standards adviser amid ongoing scrutiny

Sahar Nazir
clock • 2 min read

Deputy prime minister Angela Rayner has admitted she failed to pay the correct amount of stamp duty on the purchase of her second home, blaming “incorrect” advice for the error, Sky News reported.

She told Sky News that she had considered resigning over the row and has now referred herself to the independent adviser on ministerial standards. This has come after a report in The Daily Telegraph which alleged she avoided £40,000 in stamp duty on a Hove flat after her name was removed from the deeds of another property in Greater Manchester. The Times reported on Sunday (31 August) that Rayner was under renewed scrutiny over potential inheritance tax (IHT) liabilities linked to the valuation of her family home, part of which was placed into trust before her name was taken off the d...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read
FCA: Top ten wealth management firms hold nearly 90% of all UK clients

FCA: Top ten wealth management firms hold nearly 90% of all UK clients

FCA Wealth Management Survey

Patrick Brusnahan
clock 18 August 2026 • 3 min read
Small advice firms feature prominently in buyer criteria on online M&A platform

Small advice firms feature prominently in buyer criteria on online M&A platform

First advice firm seller cohort go live on Melo’s Project Exit

Isabel Baxter
clock 18 August 2026 • 4 min read