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Posted Thu, 08 Feb 2024 15:25:26 GMT by
Hi, I am keeping shares of a non-UCITS ETF in Australia, which was bought before I became a UK tax resident this year. It consists of 100% stocks. Dividends were reinvested. I received its dividends in two portions, 1) new shares and 2) cash for the fractional share. In SA106, 1. The dividends from this ETF does not fall into the category of "Interest and other income" because it is consisted of 100% stocks. 2. The new shares due to dividend reinvestment are not to be included in the section of "Dividends from foreign companies" and hence will not be taxed until I sell them in the future. By then, it will be calculated as capital gain. 3. The cash portion of the dividend should be put in the section of "Dividends from foreign companies". Are my understandings above correct? Thank you.
Posted Tue, 13 Feb 2024 14:44:45 GMT by HMRC Admin 32

That is correct.

Thank you.

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