Dividend payment and tax

eskbanker

RL11 said:

Contacted Hargreaves. They said they can send me dividend tax vouchers to help with a claim but can't apply on my behalf.
Seems peculiar that for US shares, you just fill in a W-8BEN to avoid tax on US company share dividends but there is no equivalent form for Spanish company shares?

W-8BEN doesn't avoid US withholding tax entirely, it just ensures that the lower 15% rate is paid, but that's regardless of whether a UK tax wrapper is being used.

Strummer22

Now I'm curious, if you're invested in a fund that has global equities, does that fund claim the withheld tax on your behalf? 

MG2112

Thank you all for communicating, very interesting. Tax ……… what a joy ! 🤦🏻‍♂️

PotentialEnergy

You seem to have no power when it comes to SIPP!  

I hold PLUS500 in my SIPP and AJ bell wouldn't help. The different legal structure in a SIPP means one doesn't have any powers. It has to be administrator.  PLUS500 pays quite a juicy dividend so have missed out on a chunky rebate over the years.  

Suggested business proposal to AJ Bell to do a collective tax rebate claim but charge each investor say 1% with a max fee of say £25 but a min of £10. 

Might begin migrating the holding from SIPP to ISA but means trading costs, margin risks from spreads etc...

eskbanker

PotentialEnergy said:

You seem to have no power when it comes to SIPP!  

I hold PLUS500 in my SIPP and AJ bell wouldn't help. The different legal structure in a SIPP means one doesn't have any powers. It has to be administrator.  PLUS500 pays quite a juicy dividend so have missed out on a chunky rebate over the years.  

Suggested business proposal to AJ Bell to do a collective tax rebate claim but charge each investor say 1% with a max fee of say £25 but a min of £10. 

Might begin migrating the holding from SIPP to ISA but means trading costs, margin risks from spreads etc...

How much tax do you believe has been paid on the dividends?

Bookworm225

MG2112 said:

Thank you all for communicating, very interesting. Tax ……… what a joy ! 🤦🏻‍♂️

indeed, and as Equiniti (registrar for Santander shares for example) advises in its footnote re Spanish Withholding tax reclaims:
All paperwork has to be submitted through a Spanish tax representative or ‘Gestoria’. An example of such a  service is ....
Please note that the costs of the above service may outweigh the benefits

eskbanker

Bookworm225 said:

MG2112 said:

Thank you all for communicating, very interesting. Tax ……… what a joy ! 🤦🏻‍♂️

indeed, and as Equiniti (registrar for Santander shares for example) advises in its footnote re Spanish Withholding tax reclaims:
All paperwork has to be submitted through a Spanish tax representative or ‘Gestoria’. An example of such a  service is ....
Please note that the costs of the above service may outweigh the benefits

Note that this thread has been resuscitated today and all but the last three posts were from last year, when the poster you replied to was last on here....