The new income and capital tax treaty between Luxembourg and the UK was signed on 7 June 2022. Once in force and effective, the new treaty will replace the 1967 tax treaty between the two countries. Taxes Covered The treaty covers Luxembourg income tax on individuals, corporation tax, capital tax, and communal trade tax. It covers UK income tax, corporation tax, and capital gains tax. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities will determine the person’s residence for the purpose of the treaty by mutual agreement, having regard to...