Anne Mitchell
Joined: 8/13/2024
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RE: Dividend reinvestment (DRIP) as shares in a US company and Self Assessment
Thank you. -
Dividend reinvestment (DRIP) as shares in a US company and Self Assessment
As a former employee of a US company I own shares and they are in a Dividend Reinvestment scheme. Four times a year a dividend is paid and shares are bought with the dividend minus the 15% withholding tax. My question is do these dividends need to be declared on a self assessment tax return (as income) even though the shares are still held in the US scheme? If so where do they get recorded? Also does this mean that when they are eventually sold I will be taxed again? Thanks