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Dividends in share ISA's
Rover
Posts: 323 Forumite
Does anyone now if the Divi's in a share ISA are 'tax free'.
Ordinarily, std rate for Divi's is 10%.
Ordinarily, std rate for Divi's is 10%.
anger, denial, acceptance 
0
Comments
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No they aren't. However you do not need to ever pay the higher rate.
Interest paying investments do (such as Corporate Bonds).
I think thats right anyway.0 -
As you have pointed out dividends paid out by companies are already net of 10% tax.
Within ISA you don't need to pay any tax on top of this even if you are are higher rate taxpayer. However if you were asking if it was possible to reclaim the 10% paid by company then no that is not possible.0
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