Peter chan
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Declare Foregin interest and Dividends
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Clarification on Foreign Dividends and Foreign Tax Credit Relief
Hi, I am completing my tax return using software and have two questions: I have foreign dividends from five countries, but SA106 Page F2 only displays three due to space. The total amount is correctly shown in Box 6. Is this acceptable? My Income Tax after allowances is £0. Should I still calculate and fill Box 2 (Foreign Tax Credit Relief)? If yes, should I sum up only the 15% withholding tax I paid overseas, as this is the only foreign tax I incurred? Thank you. -
Clarification on Foreign Dividends and Foreign Tax Credit Relief
Hi, I am completing my tax return using software and have two questions: 1. I have foreign dividends from five countries, but SA106 Page F2 only displays three due to space. The total amount is correctly shown in Box 6. Is this acceptable? 2. My Income Tax after allowances is £0. Should I still calculate and fill Box 2 (Foreign Tax Credit Relief)? If yes, should I sum up only the 15% withholding tax I paid overseas, as this is the only foreign tax I incurred? Thank you.