Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 12 Oct 2023 14:25:42 GMT by
My dividend income will exceed the allowance this tax year and I expect to pay some tax on it after I declare the surplus amount to HMRC. If I dispose of shares to being the dividend below next years allowance I shall have nothing to declare. Will HMRC assume the same income as this year unless I advise them specifically?
Posted Tue, 17 Oct 2023 14:38:24 GMT by HMRC Admin 10 Response
Hi
HMRC generally works on the assumption that a source of income is ongoing, unless advised otherwise, so please call or write to HMRC when you dispose of the relevant shares and we will amend your tax code accordingly.  
Dealing with HMRC

You must be signed in to post in this forum.