Chelsea Football Club: Sales
The question
To ask the Chancellor of the Exchequer, whether the interest accruing on the frozen proceeds from the sale of Chelsea Football Club is subject to UK taxation.
Answered by Lucy Rigby
HM Treasury and His Majesty’s Revenue and Customs (HMRC) are unable to comment on the tax affairs of specific taxpayers. UK source interest is chargeable to UK tax. The quantum and timing of that charge are dependent on the status of the recipient and the precise nature of the arrangements that lead to that interest.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →