Tax Reclaims on ISA Fund Holdings

iamrickdeans

Hi All,


I am trying to get my head round some old transactions for my mother and the logic behind them.


They surround ISA holdings in a stock and shares ISA that appear to have been taxed at 20%


It appears that the ISA provider has provided 'tax reclaims' for some of these distributions but not all? It appears that the reclaims have and I think I am getting this correct only occurred for what are the group1 positions but not the group2?


So there lies my question should a reclaim have been done for all holdings or only those that appear in group1?


I am sure its correct but I just wondered if you could push me in the right direction?


Thanks in advance


R

bowlhead99

The ISA provider can claim back the 20% deduction at source that will have been made on payments which technically count as "interest" distributions (eg. on funds that invest heavily into corporate bonds and gilts) but not the ones that count as "dividends" distributions from predominantly equity-focused funds, from which no tax will have been actually deducted and there's nothing to claim.

Maybe let us know which funds are involved and which ones have or haven't had these reclaims.