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Posted Wed, 18 Dec 2024 09:52:36 GMT by Peter chan
Hi, I am completing my tax return using software and have two questions: 1. I have foreign dividends from five countries, but SA106 Page F2 only displays three due to space. The total amount is correctly shown in Box 6. Is this acceptable? 2. My Income Tax after allowances is £0. Should I still calculate and fill Box 2 (Foreign Tax Credit Relief)? If yes, should I sum up only the 15% withholding tax I paid overseas, as this is the only foreign tax I incurred? Thank you.
Posted Tue, 24 Dec 2024 11:36:55 GMT by HMRC Admin 17 Response

Hi ,
 
If you are completing the tax return online, there are up to 20 lines. 

For a paper tax return, please attach a page to SA106, details the dividends from each country in the same format, as shown on SA106. 

In this way, the total in box 6 will match the dividends declared. 

If special witholding tax is deducted, the total deducted in declared in box 5 and a 'X' stating you wish to claim a FTCR. 

If UK tax is payable on the dividends, then you claim a tax credit in box 2. 

If no UK income tax is payable, then there is not credit, as there is nothing to set it against.

Thank you .

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