Damian Wright

Hi, I am UK resident and hold South African shares subject to SA-UK DTA tax treaty. My broker does not reduce dividends withholding tax payable to the South African government from 20% to 10% (inline with the tax treaty). in this this respect, am I able to claim the full 20% deducted from dividends paid as a tax credit? Is there any further detail that needs to be supplied to HMRC for this purpose? Thank-you.

Hi, I am a Remittance Basis tax payer. I've transferred funds from my home country to my UK based stock broker (their German based Euro account) to purchase Euro and USD denominated stocks and need to ascertain what should be reported this as a remittance. Details : - The initial funding was from South Africa (in Rand) to my account held in Belgium (in Euro). - The payment to my broker (Interactive Brokers) was made via SEPA in Euro from my Belgian account. - My brokerage account is held in Euro, dividends and stock purchases are in Euro/USD (Fees are also in Euro/USD). - I do not purchase UK resident stocks with the account. I do not believe a remittance has taken place on the stock purchases as all transactions happen outside the UK and were purchased on foreign exchanges - I would appreciate confirmation of my understanding in order to complete my self-assessment. I am however unsure as to the treatment of service fees that were paid to my broker, specifically, should these be treated as a remittance even though the broker may have executed a transaction on a foreign exchange? Thanks