Whether the interest accruing on the frozen £2.5 billion proceeds from the sale of Chelsea Football Club is subject to UK taxation.
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.