Ldp87
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RE: Dividend tax from overseas
From my original post I have miscalculated Correct is: Tax year 23/24 I will receive approximately £270 dividends from United States companies £244 dividends from UK companies -
RE: Dividend tax from overseas
Thank you, This HMRC web page suggests different https://www.gov.uk/tax-foreign-income/paying-tax You do not need to fill in a tax return if all the following apply: your only foreign income is dividends your total dividends - including UK dividends - are less than the £2,000 dividend allowance you have no other income to report My only foreign income is from dividends and will total less than the £1000 allowance for next year. Based on the information on HMRC website it would appear I do not need to take any action. Can you please clarify and if different to the website advise explain why I need to complete a tax return. Thanks for your help -
RE: Dividend tax from overseas
Thank you. Would I still need to complete a tax return if the dividends come from shares held in an ISA and are paid into an ISA? For non ISA overseas dividends do these all need to be declared on a self assessment, regardless of the amount (i.e if they are less than £1000) Thank you -
Dividend tax from overseas
Upcoming tax year (23/24) I will receive approximately £2000 dividends (some from United States companies that are already subject to withholding tax) and interest from UK bank accounts. Including my salary, interest and dividends my income will total less than £50000. Is the tax free personal allowance (£1000) and 2023/2024 dividend allowance (£1000) combinable? If not and my dividends exceed £1000 do I need to complete a self assessment or can I declare it by phoning up and asking for my tax code to be changed once I've provided the amount I've received (this second option is what the HMRC website appears to suggest) Should I treat dividends earned from the US any differently? Many thanks