dave59

I appreciate this is an old discussion but I have the same question and the links provided by HMRC Admin 8 do not seem to give me a solution. I have shares in a US company held Computershare and dividends are reinvested. When a dividend is paid, 15% US tax is subtracted along with a small fee. When I adjust my section 104 pool of actual cost I know I can claim the fee as an expense so I would add the dividend paid minus the fee to the pool. Can I also claim the US tax as an expense, therefore the amount added to the pool will be dividend minus US tax paid minus fee? Also, as per the original poster, is income tax payable on that reinvested dividend? I know capital gains needs to be calculated when shares are sold but for this calculation a correct pool of actual cost is needed. Hence the question. Many thanks.