Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Sun, 28 Jul 2024 16:46:06 GMT by cooper
A UK tax resident owns units in a Canadian exchange traded equity ETF which is a non reporting fund. The fund is structured as a mutual fund trust. It makes regular distributions which are primarily dividends but which sometimes include return of capital or capital gains. Canada deducts 15% withholding tax. Where in the Foreign Income section should these distributions be reported ? Thanks for your help.
Posted Thu, 01 Aug 2024 13:56:15 GMT by HMRC Admin 32 Response
Hi,
This would be foreign dividends and if filing online you will need to tailor your return to state you have foreign income. relief may also be available for the tax paid in Canada.
Relief for foreign tax paid (Self Assessment helpsheet HS263)
Thank you.

You must be signed in to post in this forum.