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Posted Wed, 07 Aug 2024 08:17:52 GMT by MorFou22
Hi I was given shares by my parents in France. I opened the equivalent of a cash ISA at a bank there to 'host' the shares. I am a UK resident. Can I please check if (i) I need to declare this transfer/new ownership of shares to HMRC at all? And will I need to declare any income I might get on those shares even if I don't sell them (e.g. do I need to declare dividends on those)? Thank you!
Posted Mon, 12 Aug 2024 12:29:18 GMT by HMRC Admin 10 Response
Hi
You do not need to report the transfer/new ownership of shares to HMRC but you will need to declare any dividends received from these shares .Please see the following link Tax on foreign income

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