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Written question asked by Gregory Campbell (Democratic Unionist Party) on Tuesday, 21 November 2017, in the House of Commons. It was due for an answer on Thursday, 23 November 2017. It was answered by Mel Stride (Conservative) on Wednesday, 29 November 2017 on behalf of the Treasury.


Shareholders: Taxation

Question

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the UK leaving the EU on the tax liabilities of UK citizens with shareholdings in companies listed in Europe.

Answer

There are no specific rules for the taxation of UK citizens on their income and gains from shareholdings in non-UK companies listed in a country within Europe, as opposed to non-UK companies listed in a country not within Europe. Such income and gains will typically be taxable in the UK, subject to any relevant Double Taxation Agreements.


Secondary information

Type
Written question
Reference
114825
Session
2017-19
Subjects
Foreign companies Taxation Shareholders Brexit
Link
View this Written question on www.parliament.uk