Written question asked by Mark Field (Conservative) on Tuesday, 12 July 2005, in the House of Commons. It was due for an answer on Thursday, 14 July 2005. It was answered by Baroness Primarolo (Labour) on Tuesday, 19 July 2005 on behalf of the Treasury.
UK Royal Dutch Shell
- Question
- To ask the Chancellor of the Exchequer if he will make a statement on the position of the minority shareholders in UK Royal Dutch Shell who, following the reconstruction of the Shell Group, will be liable for capital gains tax.
- Answer
-
Ministers cannot comment on the tax affairs of individual taxpayers.The UK has rules relating to share exchanges, which provide for relief by deferring tax on capital gains. Whether that relief is due to shareholders affected by the Shell reconstruction depends on exactly how the reconstruction is carried out. The detail of the reconstruction is, of course, entirely a matter for the companies concerned.
Secondary information
- Type
- Written question
- Reference
- 12425; 436 c1702W;436 c1702W
- Session
- 2005-06
- Subjects
- Shareholders Shell UK
Librarians' tools
- Timestamp
- 2013-11-25 01:21:19 +0000
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1053892
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1053892
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1053892