Just reading through some of the bumpf related to the possible sale to Iberdrola, and I note that Spanish law "witholds" 15% (rising to 18% shortly) "income tax" for non-resident shareholders.
If I bothered to retain these shares, would I also be liable to a UK income tax, having already paid one lot (unwillingly) to the Spanish government ?
What would the situation be if you were not normally liable for income tax in the UK ?
Just as a kicker to all this (unrelated to the share query), apparently SP are going to *pay* Iberdrola £50M if they're *NOT* taken over by them
- WTF is wrong with this country ?
Incidentally, how hard is it to sell shares internationally ? (I normally just trade within a branch of HSBC)