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Posted Thu, 09 Jan 2025 11:38:28 GMT by Douglas Espie
I hold an amount of JPM UK Equity Income Fund B Accumulation shares. I receive no physical dividend income from this investment. Instead the "notional" dividend income is re-invested in the fund which causes the value of the shares to increase however this does not impact the number of shares held. JPM have provided me with Consolidated Tax Voucher detailing these "notional" dividends that have been re-invested in the fund on my behalf. Do these dividends have to be included in my Self Assessment Tax Return despite there being no monies received nor any increase in the shareholding due to the re-investment?
Posted Thu, 23 Jan 2025 17:32:24 GMT by HMRC Admin 25 Response
Hi Douglas Espie,
If they are automatically reinvested by the company then no.
Thank you. 
Posted Thu, 23 Jan 2025 19:22:37 GMT by ccbhmrc
Hi Douglas , I’m not an admin. I think HMRC admin 25 should direct you to sa100 notes which explicitly tells you to report the dividend in SA100 TR3 box 5. You have an accumulation OEIC, you earned the dividend income even if it’s reinvested. You also have some calculations to do on your disposals to separate the capital gain from income to avoid double tax. 

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