Tax on US / Canadian shares - W-8BEN form - ISA S&S

Bark01

Hi,

I have a H&L vantage ISA S&S account and was going to buy some shares in a company but was told I need to submit a W-8BEN to reduce tax.

I'm happy yo do this but does anybody know what tax I will be charged? Does the ISA tax saving only affect UK shares?

thanks

Lokolo

US stocks have US tax. You need this form so that you don't pay double tax (tax over in the US and tax in the UK).

Bark01

Lokolo wrote: »

US stocks have US tax. You need this form so that you don't pay double tax (tax over in the US and tax in the UK).

Okay, but what is the US tax level and will my ISA cover this?

noh

I believe US witholding tax is 30%
If you submit the W-8BEN tax will be witheld at 15%.
This 15% cannot be reclaimed within an ISA or if held directly.

Google for more info

Bark01

noh wrote: »

I believe US witholding tax is 30%
If you submit the W-8BEN tax will be witheld at 15%.
This 15% cannot be reclaimed within an ISA or if held directly.

Google for more info

One last question, I'm thinking of buying netflix shares. They don't appear to pay dividends, so is there any tax to pay?

thanks for your help.