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Farage and Stamp Duty
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By (user no longer on site) 34 weeks ago
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I don’t know, did he?
I don’t know anything about his finances, but he doesn’t strike me as someone who’d struggle to come up with £50k. There are probably thousands of people who would pay it for him if he was struggling.
Rayner on the other hand could only buy her Hove apartment by accessing her child’s trust fund and borrowing £650k from the bank. That doesn’t suggest to me that she has much in the way of ready cash. I don’t know what part that played in her poor decision making. |
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When interviewed and questioned about his constituency he said "I've bought a house in Clacton...... What more do you want from me?"
So he lied.
Ever heard the phrase, look after the pennies and the pounds will look after themselves?
Oh, and let's not forget where his business interests are.
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"Did Farage try to avoid stamp duty with his constituency home by putting it in his partner Laure Ferrari's name?"
Probably.
There’s probably a raft of other scams he’s running that benefit from it not being in his name. |
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By (user no longer on site) 34 weeks ago
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Latest poll from Find Out Now:
RFM: 34% (+2)
LAB: 19% (=)
CON: 15% (-2)
LDM: 12% (-1)
GRN: 12% (+1)
SNP: 2% (=)
Of five local elections declared yesterday Reform gained three from Labour, and one from Tories.
Maybe Labour and its supporters should try better to understand what the electorate is concerned about and deal with it. Instead they continue to “bark up the wrong tree” with this guff. |
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By *otMe66Man 34 weeks ago
Terra Firma |
You accept a new job offer in a town miles away from where you live. The DEI department complain you don’t live locally and say it isn’t fair. Reluctantly, you decide to buy a house in the town because it seems the right thing to do, even though you already own one, and will only be living there for 5 years.
Do you
Buy it in your own name and pay higher stamp duty
or
Put it in your partner’s name and pay less stamp duty?
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This second home stamp duty needs binning, it was a Tory policy rolled out by Jeremy Hunt, which Reeves used as a cash cow to top the rate up to 5% premium. Ridiculous, and now more rumours of 0.51% annual fee on new transactions coming in the autumn statement.
Governments are turning housing into a commodity. Selling off half of the country’s council housing and not replacing it, expecting developers to build social housing at a loss. Extra tax’s put on small landlords forcing them to sell so Lloyds and black rock can buy them up. Giving contracts to Mears, Serco and Clearsprings to offer above market rents to private landlords for asylum seekers, making long term tenant families homeless and pushing up rents.
Companies house reports the fastest growing sector of incorporation’s is property companies trying scoot around these government policies |
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"You accept a new job offer in a town miles away from where you live. The DEI department complain you don’t live locally and say it isn’t fair. Reluctantly, you decide to buy a house in the town because it seems the right thing to do, even though you already own one, and will only be living there for 5 years.
Do you
Buy it in your own name and pay higher stamp duty
or
Put it in your partner’s name and pay less stamp duty?
"
How is it a DEI issue?! |
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By *otMe66Man 34 weeks ago
Terra Firma |
"This second home stamp duty needs binning, it was a Tory policy rolled out by Jeremy Hunt, which Reeves used as a cash cow to top the rate up to 5% premium. Ridiculous, and now more rumours of 0.51% annual fee on new transactions coming in the autumn statement.
Governments are turning housing into a commodity. Selling off half of the country’s council housing and not replacing it, expecting developers to build social housing at a loss. Extra tax’s put on small landlords forcing them to sell so Lloyds and black rock can buy them up. Giving contracts to Mears, Serco and Clearsprings to offer above market rents to private landlords for asylum seekers, making long term tenant families homeless and pushing up rents.
Companies house reports the fastest growing sector of incorporation’s is property companies trying scoot around these government policies "
It's an easy target. Those who are driven by the politics of envy love to hear that people who like to spend any money they have left after paying HMRC are being taxed dearly for the pleasure.
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By *otMe66Man 34 weeks ago
Terra Firma |
"You accept a new job offer in a town miles away from where you live. The DEI department complain you don’t live locally and say it isn’t fair. Reluctantly, you decide to buy a house in the town because it seems the right thing to do, even though you already own one, and will only be living there for 5 years.
Do you
Buy it in your own name and pay higher stamp duty
or
Put it in your partner’s name and pay less stamp duty?
How is it a DEI issue?! "
Oh, in my hypothetical scenario, the DEI department wouldn’t be involved at all, you’re saying? Fair point. I can’t edit it now what department would have been the right one to blame? |
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The BBC are the ones with the bit between their teeth over this are they not?
If they uncover anything which shows Farage is a hypocrite well quelle surprise. And if not, I’ll bet my balls not everyone connected to Reform UK is doing everything by the book anyway.
That’s not to absolve all the other parties either, they’ve doubtless all got their share of corrupt & dodgy types because that’s what power & money does to a lot of people.
You expect it with the right wing. It’s worse when so called left wingers are caught with their pants down. |
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"If they uncover anything which shows Farage is a hypocrite well quelle surprise. And if not, I’ll bet my balls not everyone connected to Reform UK is doing everything by the book anyway."
In this case, what Farage is accused of is indeed "by the book". It might not be morally defensible, but it is legally permitted. Sadly for Rayner, what she did was not legal, and definitely not "by the book". |
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I find this current story doing the rounds is a rather pathetic smear campaign as a result of Rayners efforts to completely sink her own career.
I am no great fan of Farage but I have never seen him rant about how virtuous he is about paying tax and how avoidance is not a necessary part of one keeping control of your finances and paying as little tax as you can.
Rayners case was blatent tax evasion and she was found out for it and more importantly in my eyes she is the epitomy of a hypocrit having spent years dishing the dirt on various Tories. She got exactly what she deserved.
Farage is probably doing what is legally correct and if he isn't will follow the same path to self destruction. I am sure the HMRC have it well in hand as a result of all this whistle blowing. |
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By *abioMan 34 weeks ago
Newcastle and Gateshead |
"Did Farage try to avoid stamp duty with his constituency home by putting it in his partner Laure Ferrari's name?"
Probably…. But you know…. Hypocrite gonna hypocrite
The story about the rich French family….. ooooh… not quite as rich as he claimed and certainly not rich enough to afford to pay an 850k mortgage outright….
So yeah… smells like a tax dodge  |
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"Latest poll from Find Out Now:
RFM: 34% (+2)
LAB: 19% (=)
CON: 15% (-2)
LDM: 12% (-1)
GRN: 12% (+1)
SNP: 2% (=)
Of five local elections declared yesterday Reform gained three from Labour, and one from Tories.
Maybe Labour and its supporters should try better to understand what the electorate is concerned about and deal with it. Instead they continue to “bark up the wrong tree” with this guff."
I'd prefer truth from a party. I don't view Farage as a decent, honest person and likely to say anything to get what he wants.
His comments about his Clacton property seems to back up his affinity for deceit
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Dwarfed by former Tory Housing Secretary Robert Jenrick approving a property development by Tory donor Richard Desmond just before a Community Infrastructure Levy (CIL) deadline, saving Desmond £40 million.
Jenrick later had to admit the decision was unlawful due to apparent bias after meeting Desmond at a Tory fundraiser and exchanging text messages. |
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"If they uncover anything which shows Farage is a hypocrite well quelle surprise. And if not, I’ll bet my balls not everyone connected to Reform UK is doing everything by the book anyway.
In this case, what Farage is accused of is indeed "by the book". It might not be morally defensible, but it is legally permitted. Sadly for Rayner, what she did was not legal, and definitely not "by the book"."
Where does this leave the morality of 80,000 landlords incorporating their properties to circumvent the impact of section 24. There were 4.5 million private rented homes, research suggests 97% of landlords own less than three properties, hardly tax evading property magnets Labour would have us believe they are.
Recent research shows now 2.81 million private rented homes in private ownership, so assumedly 1.7 million have been incorporated allowing the owners to claim mortgage interest, by the book.
Do Farages critics think all these incorporations should be disallowed. |
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There is zero scrutiny with Farage so it’s about time he began feeling some heat.
Can you imagine for a moment Rayner (or virtually any other prominent politician) openly advocating for an Brexit outcome that has made the country poorer and less able to defend our borders then going on to blame the mainstream parties for the situation we are in.
Or imagine someone else met a young waitress in Strasbourg who then miraculously became a prominent anti-european figure in her own right who then was investigated for misappropriating nearly half a million pounds of EU funds to UKIP, who then fell off the radar before being seen going in and out of Farage's £4m pad in London? He stated at the time he was only giving her a room for a week as she had nowhere else to go and it was only fantasists who would suggest anything else was going on only to find out he now lives with her and she has bought a near million pound house (with no mortgage) in his constituency (the same property he openly said in interviews was his and he was exchanging contracts for before realising presumably the tax he would have to pay on this)?
And imagine fnally that Rayner was involved in a company set up to advise really wealthy people how to avoid tax? It is absolutely staggering the free run this twunt has been getting from mainstream media. |
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"Recent research shows now 2.81 million private rented homes in private ownership, so assumedly 1.7 million have been incorporated allowing the owners to claim mortgage interest, by the book."
That's unlikely to be "by the book".
If they have a personal buy-to-let mortgage, they wouldn't be able to transfer the property to a company without re-mortgaging. I doubt they've all done that. |
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"Recent research shows now 2.81 million private rented homes in private ownership, so assumedly 1.7 million have been incorporated allowing the owners to claim mortgage interest, by the book.
That's unlikely to be "by the book".
If they have a personal buy-to-let mortgage, they wouldn't be able to transfer the property to a company without re-mortgaging. I doubt they've all done that."
Exactly that, a remortgage to ltd
My point tho was it’s legal restructuring of affairs to reduce tax liability. |
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"Did Farage try to avoid stamp duty with his constituency home by putting it in his partner Laure Ferrari's name?"
Only read a bit on this. Seems he is not in trouble for breaking rules or anything illegal, but more the fact he seems to have changed his story at least once and some explanations, although possible seem unlikely |
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By *abioMan 33 weeks ago
Newcastle and Gateshead |
Did you see the headline in that communist rag….. the… erm…. Times today?
“Did Nigel Farage’s “broke” girlfriend really buy their £885k home?”
Gotta say, them darn allegations aren’t really going away…..
Man of the people plays the system whilst being a hypocrite |
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"Did you see the headline in that communist rag….. the… erm…. Times today?
“Did Nigel Farage’s “broke” girlfriend really buy their £885k home?”
Gotta say, them darn allegations aren’t really going away…..
Man of the people plays the system whilst being a hypocrite "
He’s just gained an mp for his company to change the subject  |
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"Did you see the headline in that communist rag….. the… erm…. Times today?
“Did Nigel Farage’s “broke” girlfriend really buy their £885k home?”
Gotta say, them darn allegations aren’t really going away….."
There don't seem to be going away, but they also don't seem to be gaining much traction.
"Man of the people plays the system whilst being a hypocrite"
Can you quote something Nigel has said that condemns tax avoidance? |
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"You accept a new job offer in a town miles away from where you live. The DEI department complain you don’t live locally and say it isn’t fair. Reluctantly, you decide to buy a house in the town because it seems the right thing to do, even though you already own one, and will only be living there for 5 years.
Do you
Buy it in your own name and pay higher stamp duty
or
Put it in your partner’s name and pay less stamp duty?
"
Buy it in the children's name, then there's no stop duty or inheritance tax  |
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There is nothing illegal in two unmarried individuals buying two houses in individual names. Given that over half of couples these days aren't married it's no surprise that most of our unmarried peers have two houses under individual legal ownership. It's yet another example of how married couples are financially disadvantaged and have been for years by parties of all persuasions, child benefit rules being another example. |
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