REITS dividend

Is the REITS dividend from Hong Kong companies categorised as interest received in the tax return?

Hi,

In the hands of the shareholder, Property Income Distributions (PIDs) are taxable as profits of a UK property rental business.

The PID is received net of withholding tax, unless it is to a recipient entitled to gross payment (IFM28125)

IFM28125 - Real Estate Investment Trust : Distributions: administration: gross payment: SI2006/2867/Reg 7

On the SA108 and online return, the REITs, should be declared in the section 'income from land and property abroad'.

Thank you.

Hi, I have received REITS dividends from listed Hong Kong companies categorized as interest received too. The dividends paid were HKD 300. Where or which boxes do I put this on the self assessment tax forms SA100 and SA108 ? Do I lump the income distributions in the same Box? Thank you!

Hi Mark Lee,

Real Estate Investment Trusts (REITS).  

In the hands of the shareholder, Property Income Distributions (PID) are taxable as profits of a UK property rental business.

The PID is received net of withholding tax.

Property Income Distributions should be entered in box 17 (other taxable income) on page TR3

How to fill in your tax return (2022)

Thank you. 

Hi HMRC, 1. Could you please double confirm where should I fill in the REITS dividend from Hong Kong companies? -On the SA108 and online return, the REITs, should be declared in the section 'income from land and property abroad'. or -Property Income Distributions should be entered in box 17 (other taxable income) on page TR3 2. This kind of dividends are taxable as profits of a UK property rental business. May I know what kind of allowance I can claim for? -Personal allowance? -rental allowance? -dividend allowance? -saving allowance Thanks

Hi derek_er Chan,

These are to be reported as other income at box 17.
You cannot claim the property trading allowance as you do not own or control the property.
As the income is not taxed as dividends, you do not qualify for the dividend allowance.
If you are entitled to claim the personal allowance, you can use this against the income if the allowances have not been utilised elsewhere.

Thank you.