Edward

Hi Thank you for the document. It does not seem to clarify my query as it states "Reportable income is given as an amount per unit, so for each reporting period you will need to multiply the amount of reportable income per unit by the total amount of units you hold at the end of the reporting period." Is the date on which the reporting period ends equivalent to an "ex-dividend date" in determining whether the ERI interest or dividend is deemed as received? I sold an ETF on 31 July 2023 and the ETF's ERI end of the reporting period was also 31 July 2023: should I consider the ERI as received or not? Since at the end of the day on 31 July 2023 I no longer own the ETF shares it seems to me the ERI should not be considered as if I received it. Kind regards

Hi, By chance I sold shares in an ETF on the exact same day as the Reporting Period End date. Should I include or exclude the Excess Reportable Income for this ETF in my SA tax return? Does the ERI count as received/distributed in a such a situation? Thank you. Regards

Hi, I own some shares in three large offshore dividend paying equity ETFs that do not have UK reporting status (they are USA domiciled and exchange listed). I would like to clarify / double check the following: 1) I understand that on disposal any capital gains “amounts” from such non-UKFRS ETFs must be declared as income, where any capital losses are treated as nil for all intents & purposes and capital gains allowances do not apply. Is my understanding correct? 2) In the Foreign pages should said “amounts” be reported under “Other overseas income and gains” as “Gains on disposal of holdings in offshore funds” i.e. in SA106 box 41 page F6? If not, kindly tell me where and under which voice they should be reported. 3) I think that dividend distributions from such ETFs should be reported as “Dividends from foreign companies” in the “Income from overseas sources” section of the Foreign pages (i.e. SA106 pages F2 & F3). Is this correct? If not, kindly tell me where they should be reported. Thank you. Regards 

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Hi: If a UK investment trust declares a distribution of say 1.2p per ordinary share, where they declare 0.9p ps as dividend income with 0.3p ps treated as “qualifying interest income” in my self-assessment tax return do I declare having received (on a per share basis) (a) 1.2p dividend (in SA100 TR3 Box 5 Other Dividends) or (b) 0.9p dividend (in SA100 TR3 Box 5 Other Dividends) and 0.3p interest (in SA100 TR3 Box 2 Untaxed UK Interest)? Thank you. Regards 

Hi, thank you for your explanation. Could you kindly clarify the sentence "You will then over shares in the original company and the subsidiary. " please? My apologies if I'm being a bit slow but I don't understand what you mean by "over". Thank you. Regards Edward

Thank you. In HS285 section #3 it states that in shares reorganisations for CGT purposes the issues of any share is not treated as an acquisition, therefore, the "acquisition date" for the new shares remains the same as the original date in which I purchased my shares before the reorganisation. But in the case where the reorganisation is a demerger or spin-off and I receive shares in two different companies (one new - the spinoff), for the new spin-off company what is the "acquisition date" ? Is it the original date when I made my initial investment in the old company or is it the day I acquire the spin-off shares? I am currently using the original date as the acquisition date for both. Thank you. Regards, Edward

Hi, Does receiving stocks (no cash except for very small amounts in lieu of a fractional share) in demergers trigger a reportable capital gains/loss amount (using apportioned cost base vs stock market price on first day of trading of the new shares) irrespective of whether I sell the new shares on the first day of trading or not? I think I should declare any capital gain or loss only once I have actually sold the new shares, with gains or losses calculated using apportioned costs when the demerger took place (assuming there have not been any further capital corporate actions) - please confirm. With regards to cash received in lieu of such fractional share should I just use the amount to reduce the cost basis of the relevant stock(s) to apply only once I have sold the shares? Such cash amounts are small, typically much less than £10. Thank you. Kind regards Edward

Hi, Thank you for your reply. Having read that page, it seems that the "franked" part of the dividend I should include it in the Other UK dividends (i.e. Box 5 Page TR3 SA100 2023) figure. While the "unfranked" part of the dividend should be treated as a payment received after 20% basic rate of income tax, if this is the case - please confirm - then I am unsure as to where in self assessment forms I should include this unfranked distribution: SA100 TR3 allows for Taxed UK interest (Box 1) and Other dividends (Box 5) in Box 5 I'll include the franked portion, should I include the unfranked portion in Box 1 even though I received a dividend not interest? The other area I can think of is SA101 Additional Information Other UK income Boxes 1 to 3 where Box 3 Gross amount before tax would be the unfranked portion of the dividend grossed up as per a 20% basic rate tax, but reading the notes for this section unit trusts & OEICs are not mentioned. Kindly tell me where in the self assessment forms I should include the unfranked portion of the dividend. Thank you. Regards, Edward

Hello, I received on 28Feb23 a dividend payment of about £95 from an authorised UK open ended fund. The UK online retail platform provider listed such payment in the " Authorised Unit Trust (AUT) & Open Ended Investment Companies (OEICS) Dividend (GBP)" section of their Consolidation Tax Certificate (“CTC”) for 2022/23. The certificate also specifies that the dividend is 48.7% Franked and 51.3% Unfranked. I am not familiar with this terminology, I have not seen it reported before for the previous dividends in 2022. I normally report this income in Box 5 SA100 Other UK Dividends as also indicated by the platform provider in their CTC. Should I still report this dividend this way or do I need to report the franked portion in one area and the unfranked portion in another area? If so, kindly let me know where, in which boxes of the Self Assessment form. Could you also indicate or provide a link to the section where HMRC covers this Franked & Unfranked terminology and how to treat it please? Thank you. Kind regards,