Last week Angela Rayner resigned as deputy prime minister and housing secretary after failing to pay enough tax on a flat she purchased.

Due to complicated arrangements surrounding a trust for her son, the flat should have been considered her second home – meaning she should have paid an additional £40,000 in stamp duty .

Stamp duty is a tax paid when a property is purchased, and rates vary due to multiple factors, including how much the home is worth, and whether it is a primary or second residence.

Below, The i Paper runs through the rules on stamp duty, and what it could end up costing you if you pay the wrong amount.

How does stamp duty work?

You pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy a house or flat.

There are different rule

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