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Cash in lieu of dividend due to stock loan

Geoff Craig
Posted Mon, 13 Nov 2023 11:48:20 GMT by Geoff Craig
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!
HMRC Admin 19
Posted Tue, 21 Nov 2023 09:58:12 GMT by HMRC Admin 19
Hi,

You will still declare this as a foreign dividend.

Thank you.

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