Written Question·Treasury·UIN 103125
Freezing of Assets: Libya
Tabled: 5 January 2026
Answered: 12 January 2026
Question
Helen Maguire
Liberal Democrat — Epsom and Ewell
To ask the Chancellor of the Exchequer, if her Department will publish information on the taxable status of, and taxes collected from, Libya’s frozen assets.
Answer
Lucy RigbyWe do not have this specific information. The UK’s tax system is not able to target specific tax rates at specific pots of money. The UK tends to apply tax to classes of transactions, rather than assets in situ. Under all UK sanctions regimes, including t...
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