Barclays 2007 Annual Report Download - page 290

Shareholder information
Taxation of capital gains
Generally, US holders will not be subject to UK tax, but will be subject to US
tax on capital gains realised on the sale or other disposition of ordinary
shares, preference shares or ADSs. Capital gain of a noncorporate US
holder that is recognised in taxable years beginning before 1st January
2011 is generally taxed at a maximum rate of 15% where the holder has a
holding period of greater than one year. The gain or loss will generally be
income or loss from sources within the United States for foreign tax credit
limitation purposes.
Taxation of premium on redemption or purchase of shares
No refund of tax will be available under the Treaty in respect of any
premium paid on a redemption of preference shares by the Bank or on a
purchase by Barclays PLC of its own shares. For US tax purposes,
redemption premium generally will be treated as an additional amount
realised in the calculation of gain or loss.
Stamp duty
No UK stamp duty is payable on the transfer of an ADS, provided that the
separate instrument of transfer is not executed in, and remains at all times
outside, the UK.
Estate and gift tax
Under the Estate and Gift Tax Convention between the United Kingdom
and the United States, a US holder generally is not subject to UK
inheritance tax.
Exchange controls and other limitations affecting
security holders
Other than certain economic sanctions which may be in force from time to
time, there are currently no UK laws, decrees or regulations which would
affect the transfer of capital or remittance of dividends, interest and other
payments to holders of Barclays securities who are not residents of the UK.
There are also no restrictions under the Articles of Association of either
Barclays PLC or the Bank, or (subject to the effect of any such economic
sanctions) under current UK laws, which relate only to non-residents of the
UK, and which limit the right of such non-residents to hold Barclays
securities or, when entitled to vote, to do so.
Documents on display
It is possible to read and copy documents that have been filed by Barclays
PLC and Barclays Bank PLC with the US Securities and Exchange
Commission at the US Securities and Exchange Commission’s office of
Investor Education and Assistance located at 100 F Street, NE, Washington
DC 20549-0213. Please call the US Securities and Exchange Commission
at 1-800-SEC-0330 for further information on the public reference rooms
and their copy charges. Filings with the US Securities and Exchange
Commission are also available to the public from commercial document
retrieval services, and from the website maintained by the US Securities
and Exchange Commission at www.sec.gov.
288 Barclays PLC Annual Report 2007