F&C Commercial Property Trust Ltd Tax on Dividends

Judesman

I am thinking of investing in the F&C Commercial Property Trust. This company is registered in Guernsey and I assume that dividends are paid without the 10% tax credit. As a standard rate taxpayer will I be liable to HMRC for any UK tax on the dividends. Advice appreciated.

longleggedhair

I also have a large holding in the trust. The advice I have always been given is there is no further tax to pay for a basic rate tax payer.

Judesman

Many thanks.