Cash in lieu of dividend due to stock loan

Hi, I have received a cash payment in lieu of a cash dividend due to on US stock on loan from my brokerage account. How is it taxed? A normal US dividend would be taxed at 15% (assuming w8-ben in place) and a maximum 15% tax credit relief claimed. Where should this gain be reported? Ty!

Hi,

You will still declare this as a foreign dividend.

Thank you.

Hi, I have received a substitute payment £770 in lieu of dividend from US stock in my brokerage account, May I know how to report it and what is the tax rate on it? Many thanks.

Hi,
Please refer to the following Guidance.
Tax on foreign income
Thank you.