Spencer Lewis

Core Capital Deferred Shares Can you tell me if the distributions from these shares is treated as dividends or interest?

Hi Are the distributions from Core Capital Deferred Shares (CCDS), in general , and in particular from Nationwide, treated as Interest or Dividends for tax purposes? thanks

''Dividends .....: tax treated as paid on distributions received by non-UK resident persons'' Can you tell me at what rate the tax is treated as paid ? This affects my tax return in Portugal. regards

Do you get paid for these 'answers'?

My daughter is self employed and is on Maternity Allowance Her income will be very reduced for 6 months, then hopefully return to normal. Should she ask for a reduced payment on account? And if so should she ask for it to be increased late or just pay the balance when due?

My tax cannot be calculated using the disregarded income method as I claim my personal allowance. (see original message)- So, Please read the original message again and reply to those specific circumstances. regards 

Hi Hi Hi The page you refer to does not contain any information on this subject. Could you please refer this to a technical agent/advisor who can answer the specific question on non-residents, UK dividends and whether they are treated as if tax is already paid at 8,75%.? regards

Hi I am a UK non-resident, resident in Portugal. I have income from UK rental property, for which I use my personal allowance. I intend to buy UK dividends, and the income from them will take my total income over the personal allowance. Will the income from the dividends be treated as if tax has already been paid at 8.75%, and set off against my tax liability? As a result, will this mean that no increase in tax payable will result from the dividends until the higher rate of tax is reached? Regards Spencer Lewis https://www.legislation.gov.uk/ukpga/2005/5/section/399 399 [F1Tax treated as paid on distributions received by non-UK resident persons] [F2(1)This section applies if— (a)a person's income for a tax year includes a distribution of a company, and (b)the person is non-UK resident.] (2)The person is treated as having paid income tax at the dividend ordinary rate on the amount or value of the distribution F3.... F4(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5(5A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6)The income tax treated as paid under subsection (2) is not repayable. F6(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Hi Could you confirm that I am reading this correctly? 1) my wife living in her home in the UK does not count as an accommodation tie for me per se. but 2) If I stay there more than 16 days it does, regards 

Name removed admin .

I am a tax resident in Portugal. My wife is considering returning to the UK. She will live in a house which she owns in her own right. Can you confirm that… 1) As she is my wife, I will have a family tie in the UK? 2) Whether or not her living in her own house in the UK counts as an accommodation tie for me?