Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 493

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 493
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 a branch, agency or permanent establishment or (ii) the Group's ADSs or shares are held by an individual who becomes resident in the UK having left the UK for a period of non-residence of five years or less and who was resident for at least four of the seven tax years prior to leaving the UK. Inheritance tax Under the UK/US Inheritance and Gift Tax Treaty (1978) (UK/US Estate Tax Treaty), a US holder, who is an individual shareholder and is domiciled for the purpose of UK/US Estate Tax Treaty in the United States and is not for the purposes of the UK/US Estate Tax Treaty a national of the UK, will not be subject to UK inheritance tax upon the holder’s death or on a gift of a Group ADS or share during the holder’s lifetime, unless that ADS or share (i) forms part of the business property of a permanent establishment of the shareholder in the UK, (ii) pertains to a fixed base situated in the UK used in the performance of independent personal services, or (iii) where the ADS or share is held on trust, at the time of the settlement, the settlor was domiciled for the purposes of UK/US Estate Tax Treaty in the United States and was not for the purposes of UK/US Estate Tax Treaty a national of the UK. Where a Group an ADS or share is subject to both UK inheritance tax and US Federal gift or estate tax, tax payments are relieved in accordance with the priority rules set out in the UK/US Estate Tax Treaty. Stamp duty and stamp duty reserve tax UK stamp duty should not be required to be paid in respect of a transfer of Rio Tinto plc ADSs provided that the transfer instrument is not executed in, and at all times remains outside, the UK and does not relate to any property situated or to any matter or thing to be done in the UK. An agreement for the transfer of a Group ADS will not be subject to stamp duty reserve Tax (SDRT). Unconditional agreements to transfer Rio Tinto plc shares are subject to SDRT at a rate of 0.5% of the amount or value of the consideration payable for the transfer. Transfers of Rio Tinto plc shares using a written transfer instrument are subject to stamp duty at a rate of 0.5% of the amount or value of the consideration on transactions over £1,000 (rounded up to the nearest £5). However, if within six years of the date of the agreement becoming unconditional, an instrument