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Posted Thu, 21 Nov 2024 12:19:06 GMT by HughH
Until March 2024, I was in a company share scheme where I chose to reinvest the dividend payments. I understood that this was exempt from income tax liabilities. In April 2024 I retired and the shares in the scheme were transferred to a holding account in my name (with the same share management company) and I continue to reinvest the share dividend to purchase more shares. Am I now liable for tax on the dividend even though it's still being reinvested in the same company ? Many thanks for your assistance.
Posted Wed, 27 Nov 2024 10:23:46 GMT by HMRC Admin 19 Response
Hi,
As you have chosen to reinvest the dividend payment, then yes, this is still taxable income and should be declared.
Thank you.

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