British Prime Minister David Cameron has said he did not have "anything to hide" about his financial affairs as he revealed that he and his wife sold shares worth more than £30,000 (€37,117) in an offshore tax haven fund set up by his late father.
Mr Cameron has faced intense pressure to detail his interests since the Panama Papers leaks included details of Blairmore Holdings - which used "bearer shares" to protect investors' privacy.
In an interview with ITV News, he insisted that it was a "fundamental misconception" that it was set up to avoid tax, saying his father was being "unfairly written about".
And he said that while his and his wife Samantha's profit from the scheme was "subject to all the UK taxes in the normal ways" - it came to just below the threshold at which capital gains tax would have applied.
Mr Cameron, who has been a prominent campaigner for increased tax transparency, also repeated his willingness to publish his own tax returns.
Number 10 said Mr and Mrs Cameron bought their holding in April 1997 for £12,497 and sold it in January 2010 for £31,500.
The annual personal allowance for an individual in 2009-10 was £10,100 - meaning jointly the profit was just outside the threshold.
Downing Street had initially said it was a private matter before first clarifying that the PM had no offshore funds and trusts and then making clear the family would not benefit in future either.
"I paid income tax on the dividends, but there was a profit on it but it was less than the capital gains tax allowance, so I didn't pay capital gains tax, but it was subject to all the UK taxes in all the normal ways," Mr Cameron said.
"So I want to be as clear as I can about the past, about the present, about the future, because frankly, I don't have anything to hide.
"I'm proud of my dad and what he did and the business he established and all the rest of it.
"I can't bear to see his name being dragged through the mud, as you can see, and for my own, I chose to take a different path from my father, grandfather and great-grandfather, who were all stockbrokers, and I've got nothing to hide in my arrangements and I'm very happy to answer questions about it."
