Dyson Fury Posted April 24 Share Posted April 24 https://www.telegraph.co.uk/news/2024/04/22/angela-rayner-ex-husband-mark-134000-council-house-sale/ Quote Quote Angela Rayner’s former husband made £134,000 after selling his former council house, previously unseen documents have revealed. Mark Rayner sold his home in Lowndes Lane, Stockport, in 2016 after buying the property in 1991 under right to buy scheme. And he was perfectly within his rights to do that. But, here's the new thing: Quote Ms Rayner is facing scrutiny over whether she or her husband paid the right amount of capital gains tax when two properties they owned simultaneously during their marriage were sold... Mark Rayner, her former husband, sold his property, on Lowndes Lane, Stockport, in 2016 after purchasing the home using the right to buy scheme in 1991....Ms Rayner, the Labour deputy leader, has insisted that, while they were together, she lived at a house she owned on Vicarage Road.... If that is correct, then Mr Rayner could not have applied for private residence relief (PRR) – the kind of tax relief that means you do not pay capital gains tax on the sale of a house if it was your only home – for some of the time he owned the property. Married couples cannot legally have two primary residences for tax purposes. Quote Link to comment Share on other sites More sharing options...
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