Boman
Joined: 6/27/2024
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RE: Tax incorrectly withheld as dividend instead of sale proceeds
If I'm submitting the amount as capital gains AND my total capital gains is below the UK Annual exempt amount limits i.e. I would be liable for £0 UK tax on the amount. Then I can submit the foreign tax credit, but effectively this would only reduce the tax due on the capital gains and they are already £0. Is that correct?