Investment management - Christmas Edition

Thrugelmir

RobHT said:

Thrugelmir said:

RobHT said:

Thrugelmir said:

eskbanker said:

RobHT said:

Looking here, it makes me think to trash the idea of dividents, too complex: https://transferwise.com/gb/blog/uk-tax-on-foreign-dividends 

Unless I invest only in dividents in UK, but that would be very silly...

Don't look there, it's an old article referring to changes in dividend taxation back in 2009, although a newer date seems to have been attached at the top for some reason.  Foreign Tax Credit Relief is generally available for most countries, via which you can offset your non-UK taxation on foreign dividends against your UK tax liabilities for those, so the net effect should be that foreign dividends aren't penalised as heavily as you seem to think, if at all, and certainly not at a fixed rate of 10% as suggested by that old article from back when there were tax credits applied to UK dividends.

If held within an ISA or a SIPP recovery of "dividend" tax levied on foreign owned shares can be a challenging exercise. 

Why an ISA should be in this speech?
Are you talking about in case of moving funds in/out an ISA? (dividends gain involved)

 The shares are held on a nominee rather than individual basis. Making proof of ownership somewhat difficult. When attempting to recover (sometimes sizable)  tax deductions on shares owned in European companies. 

I own these shares, not my partner in a joint account, or probably you have meant that it looks like the platform owns them from outside...
Not really sure what do you mean here.

When you invest through the platform the shares are held on a nominee basis in the name of the platform.  Your shares in a particular company along with all the other investors in the same company will be pooled together. All the company registrars see is a single block holding in a nominee name on the share register.