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Posted Sun, 14 Apr 2024 22:24:53 GMT by SFWong
I have some stocks in US. Take an example that I received dividend 2700 pounds in the current financial year, but 15% of it was deducted for tax in US (i.e. 405 pounds are paid in US). So I received net amount of 2295 pounds. Based my current income level, I should fall in the basic rate level. Should I need to report the dividend income as I have already paid 15% tax in US?
Posted Thu, 18 Apr 2024 21:42:15 GMT by SFWong
Hello, can I have the response please?
Posted Mon, 22 Apr 2024 15:33:40 GMT by HMRC Admin 19 Response
Hi,

If you are UK resident and domiciled, yes, as you are liable on your worldwide income. You can see guidance here:

Tax on foreign income

Thank you.

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