| On January 1 1996, when he and his heirs sold their stake in the trusts that owned the company, for pounds 4.5bn, he could have been liable to pay 40% tax on his net capital gain. Indeed, the Sunday Times Rich List temporarily made the error of assuming that Rausing had paid the Treasury pounds 1bn in tax on the deal. But Rausing was safe: as long as the proceeds remained outside the UK, the legal difference between being resident and being domiciled meant that the question of his paying tax to his adopted country simply need not arise. |