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tax on off-shore trust investments
Bazn
Posts: 183 Forumite
hi
what is the tax treatment of dividends from investment trusts that are domiciled in zero-income-tax places such as the isle of man? are they still subject to uk income tax at 10% and 32.5%? or does the divident come gross?
what is the tax treatment of dividends from investment trusts that are domiciled in zero-income-tax places such as the isle of man? are they still subject to uk income tax at 10% and 32.5%? or does the divident come gross?
0
Comments
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The dividend is still subject to UK tax but following the Manninen case you should be able to claim credit for the notional 10%.0
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thanks... i spoke to a friend about this too... she said she has received a dividend from a isle of man based trust and the tax voucher said the tax credit was £0.00.... can she still reclaim a notional 10% on top?0
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