HC Deb 02 July 1896 vol 42 cc530-1

I beg to ask the Chancellor of the Exchequer whether the shares in Arthur Guinness and Company, Limited (the entire property of which is situate in Ireland, and the major portion of the profits made there), owned by a person living in and domiciled in Ireland, are considered assets of such person (after death) situate in England: whether in such case the executors or administrators of such deceased Irish holder of such shares are obliged to go to the trouble and expense of having a grant of probate or administration resealed in England before they can deal with or dispose of such shares; and, whether the Income Tax paid upon the profits of Arthur Guinness and Company, Limited, is placed to the credit of England and not of Ireland; and, if so, whether he intends to make any changes in these matters?


The Company is registered in England under the Companies' Acts 1862 to 1883. The Memorandum and Articles of Association of the Company provide that the registered offices of the Company shall be situate in London. Shares in the Company are, therefore, assets in England whatever may be the domicile or place of abode of the deceased owner of the shares. Consequently, the grant of representation in Ireland must be resealed in England. The Income Tax assessment on the profits of the Company is made in Dublin, the Duty paid there, and the amount placed to the credit of Ireland. In these circumstances, I do not think any change is required.