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Withholding Tax

Answer
anthony dunlop
Posted Wed, 28 Aug 2024 07:21:55 GMT by anthony dunlop
I invested in a three year property growth bond issued by a UK developer. The developer stated in the IM that the growth, 30% of the investment payable at the end of 3 years, was subject to CGT. I questioned this and was advised this was confirmed by the developer's tax specialist and, additionally, the growth would not be subject to withholding tax. I'm not so sure as I think it is subject to income tax - if so is it also subject to withholding tax? The developer will not share the tax advice it received. Who is correct? It seems to me that would represent a serious misrepresentation if the developer was incorrect.
Answer
HMRC Admin 19 Response
Posted Mon, 09 Sep 2024 10:22:03 GMT by HMRC Admin 19 Response
Hi,
We can only provide general information and guidance in this forum. For an answer to a detailed question of this nature, you would need to contact our Self Assesment team for advice or seek professional advice.
Contact HMRC
Thank you.
 

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