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Corporation Tax on Interactive Broker Interest and Dividends

Answer
Tony Munro
Posted Tue, 10 Dec 2024 16:38:49 GMT by Tony Munro
A client has invested via Interactive Brokers.
The Annual Statement shows interest received and Dividends that are automatically re-invested. Is interest taxed at the normal CT rate?
Are the dividends "tax-free" as they have been reinvested?
Answer
HMRC Admin 13 Response
Posted Thu, 12 Dec 2024 09:49:07 GMT by HMRC Admin 13 Response
Hi Tony Munro
Yes, interest is taxed at the normal rate for CT.
Dividends that are automatically reinvested are not taxable, but will become taxable when finally taken.
Thank you

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