carlos.calroy

Thank you very much. Very clear. Just one last question? Is the same procedure if the dividends are from US companies or foregin companies? I can see here: https://www.gov.uk/tax-foreign-income/paying-tax It says: 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 The dividend allowance is £2,000 or £500? How do I get Foreign Tax Credit Relief if I don´t need to do a Self Assessment Tax Return? Thanks!

Thanks for your response.

Hi, thanks for your response. Let me explain better the question with an example. I do own some shares and those shares distribute some dividends. The amount of the dividends is £700, which is above the dividend allowance (£500). That means I need to pay taxes for £200, right? Then, how can I report to HMRC that I have that increment of the income related to dividends? I can see in the first link you sent, that is the amount is up to £10000 (which this is the case), I have two ways: 1. Contacting the helpline 2. Asking HMRC to change your tax code - the tax will be taken from your wages or pension Is correct? How do I know the new tax code? Thanks.

Thank you very much. Very clear.

Hi. I started a new job and I am getting some money with Car allowance. Do I need to report it to HRMC? How that affects my tax code? Thanks.

Hi, I wanted to know how to report if my gain on dividends is over my dividend allowance. At the moment, my allowance is £500 for this new financial year and I think I will gain around £700. How do I need to report next year those £200 of dividends gain? Thanks very much.

Hi, I know the banks and institucions usually report the saving interest we earn to HMRC, and then you calculate if some tax need to be paid. But, what happens with brokers like Interactive brokers? Do they report to HMRC that thing as well for non ISA accounts? If not, how can I report to HMRC the interest for my broker account? Thanks very much.

Hi, Talking about financial year 06/04/2023 to 05/04/2024. My annual exempt amount limit was £6000. I need some clarification for this situation: I use two different brokers to buy/sell shares (no ISA shares account). In one of the brokers I have Capital gains and in the other one I have Capital losses. The total amount taking into consideration the two brokers is negative. I guess I don´t need to report capital losses. Am I right? I guess I will need to report Capital losses for the next financial year if I have capital gains above £3000, to be able to deduct the losses from the preivous year. Is this correct? If this is the case, how can I report the capital losses and how many years I had for doing it? Thanks very much.