Reclaiming tax from Swiss share dividends

Cypermethrin

My wife is a non-tax payer - resides here in the UK - and has a number of shares listed on the Zurich stock exch listed in CHF.

The dividends she receives are less 35% tax. I am aware there is a convoluted process for reclaiming 20% of the tax down to a min rate of 15% under Swiss tax rules by completing three copies of Swiss tax Form 86,.

However is it possible for her as non-tax payer here in the UK to reclaim the full amount ?

Any advise much appreciated

Tim

dzug1

Cypermethrin wrote: »

My wife is a non-tax payer - resides here in the UK - and has a number of shares listed on the Zurich stock exch listed in CHF.

The dividends she receives are less 35% tax. I am aware there is a convoluted process for reclaiming 20% of the tax down to a min rate of 15% under Swiss tax rules by completing three copies of Swiss tax Form 86,.

However is it possible for her as non-tax payer here in the UK to reclaim the full amount ?

Any advise much appreciated

Tim

Doen't look like it:

(i) UK resident shareholders

The current double tax treaty between the United Kingdom and Switzerland may entitle you to a certain reclaim of Swiss
Withholding Tax on the dividend. Qualifying UK resident shareholders will be able to claim back 4/7ths of the 35% Swiss
Withholding Tax, leaving a net tax cost of 15% of the taxation levied by the Swiss authorities on the basis that you are, under UK
taxation law, already obliged to pay tax on the gross amount of dividends (which are treated as income for taxation purposes)

received from the company.

I doubt if the UK taxman will refund a tax you haven't paid to him.

Cook_County

Following changes in the 2008 and 2009 Finance Acts she will however get a notional 10% UK tax credit - unless she is claiming the remittance basis.

My understanding is that the net UK tax will therefore be 5%.