Ashanth Muthutantri

Thanks much appreciated!

Very useful!

Thank you! This is very helpful. Just one more addition, this is an investment in a mutual fund. No cash is paid out and the dividend is directly reinvested as units of the fund. Just wanted to be sure that this would not change the position of when taxes would be due. Thank you!

Hello, I have recently moved to the UK, and i have been trying to gather the treatment on a mutual fund where dividends paid are reinvested back as units in the fund. The fund would in this case would declare dividends in Singapore dollars which is then converted to the relevant number of units based on dividend date. Eg: Units held 1,000 Dividend per each unit: 0.05 SGD/Unit Dividend: SGD 50 Unit Price at Dividend Date: SGD 20 No of Units added to existing holding: 2.5 Seeking guidance on how this income should be considered for UK tax purposes. Thank you!