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Dividends paid to a shareholder who lives overseas
Simran
Posts: 106 Forumite
in Cutting tax
A shareholder who lives overseas receives a UK dividend and is complaining that he has incorrectly suffered 10% tax when he has no other UK income and is not taxable in the UK.
Can someone clarify what the correct tax position is, eg if a UK resident receives a dividend of £70 and tax credit of £8, what should a non-resident receive, £70 or £78? should the dividend show the tax credit?
Many thanks
Can someone clarify what the correct tax position is, eg if a UK resident receives a dividend of £70 and tax credit of £8, what should a non-resident receive, £70 or £78? should the dividend show the tax credit?
Many thanks
0
Comments
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The Manninen case makes the UK cedit allowable - potentially - in the other country. Otherwise the credit is make-believe la-la land money, it does not exist.0
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