From: Colin Wilson 
Newsgroups: uk.finance
Subject: Scottish Power / share query
Date: Tue, 5 Dec 2006 01:29:05 -0000

Just reading through some of the bumpf related to the possible sale to=20
Iberdrola, and I note that Spanish law "witholds" 15% (rising to 18%=20
shortly) "income tax" for non-resident shareholders.

If I bothered to retain these shares, would I also be liable to a UK=20
income tax, having already paid one lot (unwillingly) to the Spanish=20
government ?

What would the situation be if you were not normally liable for income=20
tax in the UK ?

Just as a kicker to all this (unrelated to the share query), apparently=20
SP are going to *pay* Iberdrola =A350M if they're *NOT* taken over by them=
=20
- WTF is wrong with this country ?

Incidentally, how hard is it to sell shares internationally ? (I=20
normally just trade within a branch of HSBC)