Buying American Shares like its own citizens

hoofy

Steve182 said:

You've done nothing wrong, you can hold US shares in your ISA if your provider facilitates that. However if they are dividend paying shares you will receive only 85% of the dividend after deduction of withholding tax.

I assume they made you complete a W-8BEN form before they allowed you to buy them?

Yes, they did ask me to fill out a couple of forms before purchase, one of them was the W 8BEN.

PingPongSet

Dividends are also taxed at 15% if the US company's shares are listed on LSE as I found out last year.

On what account, SIPP or ISA? Do you know what account doesn't need to pay for this?

Steve182

PingPongSet said:

Dividends are also taxed at 15% if the US company's shares are listed on LSE as I found out last year.

On what account, SIPP or ISA? Do you know what account doesn't need to pay for this?

In a SIPP you should pay no withholding tax on US shares. I was charged when I had some in an ISA so I moved them to my SIPP and the next dividends were tax free. I have SIPPS with both AJ Bell and II and both are exempt from US withholding tax.