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  • RE: Foreign Tax Credit Relief

    Unfortunately no one appears to pick up the phone. Could you then at least confirm(or otherwise) the following i.e. If I have been taxed 15% on dividends received in USA, Would I expect to receive 15% credit when completing the self assessment form? Further, once I declare the dividend received, will I be taxed 8.75%. Thanks
  • Foreign Tax Credit Relief

    I would be grateful if you can help with the calculations following entries into the 22/23 Self Assessment form. I have UK and Overseas dividends. UK dividends of 5304; Overseas Dividends - 1319(US so can expect to receive 15% relief). I have noticed in the calculations that it has worked out, it has added both the UK and Overseas div, taken 2k off and applied 8.75%(i.e. on 4623). It then minus FTCR which is £116. So in summary it has reinserted what it previously taxed. I would have expected a relief of 15% based on 1319 and for it not to have taxed by combining the div. I would be grateful for an explanation. Thanks