How to interpret Dividend Distribution

Legacy_user

This is the first time I have ever received a Subsidiary Tax certificate (Unit Trust/OIEC distribution) and don't know what I'm supposed to include on my tax return so I'll post the figures and hopefully someone can tell me which ones to declare.

Tax Credit............................................£29.37
Dividend Distribution...............................£264.06
Equalisation..........................................£26.56
Total payable/transferred to capital..........£290.62

I've an idea I should declare the second one inn box 3 on TR3 of the return but don't know what is meant by Equalisation

jimmo

Does this help?
http://www.hmrc.gov.uk/manuals/ctmanual/CTM48430.htm

System

jimmo wrote: »

Does this help?
http://www.hmrc.gov.uk/manuals/ctmanual/CTM48430.htm

I think so. If I'm reading it correctly then the Equalisation comes into play with regards to Capital Gains and should not be declared in the income from savings and investments section of the return. That being the case then I should be declaring the £264 only this year.

Thanks

jimmo

Pam17 wrote: »

I think so. If I'm reading it correctly then the Equalisation comes into play with regards to Capital Gains and should not be declared in the income from savings and investments section of the return. That being the case then I should be declaring the £264 only this year.

Thanks

Spot on, Absolutely correct.