Maria10
Joined: 11/13/2024
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Taxable income: Foreign dividends
I file a Self assesment every year and I would like to confirm how to calculate my total taxable income, please. As I understand it, the formula is: Taxable Income formula = Gross Total Income - Total exemptions - Total deductions I have received dividends from foreign companies (over the £1000 gross allowance). Will the gross dividends figure be part of the Gross Total Income to calculate the Taxable Income? I have already paid 10% tax in Spain for the dividends. Thanks