DRIP's

[RSpiston]

Hi all.

Err indoors has a chunk of shares ( Astra Zeneca ), they are not under an ISA umbrella. The shares pay decent dividends, and under a DRIP scheme. Question is - does this need to be included in her self assessment tax return under the dividend section ( she has to complete a tax return every year as she is a landlady ) or only once any shares are actually sold ? ( She has not sold any in the past ).

So far I've received conflicting answers from HMRC reps so thought I'd ask the PH guru's instead

TIA !

[Mr Overheads]

RSpiston said:

Hi all.

Err indoors has a chunk of shares ( Astra Zeneca ), they are not under an ISA umbrella. The shares pay decent dividends, and under a DRIP scheme. Question is - does this need to be included in her self assessment tax return under the dividend section ( she has to complete a tax return every year as she is a landlady ) or only once any shares are actually sold ? ( She has not sold any in the past ).

So far I've received conflicting answers from HMRC reps so thought I'd ask the PH guru's instead

TIA !

Google is your friend: https://community.hmrc.gov.uk/customerforums/cgt/9...

[RSpiston]

Thanks - duly bookmarked

[xeny]

Given tax on investment ms is only likely to go up, is it worth taking the dividends and manually reinvesting the cash inside an ISA?

At least that way you aren't increasing your tax liabilities.

[RSpiston]

xeny said:

Given tax on investment ms is only likely to go up, is it worth taking the dividends and manually reinvesting the cash inside an ISA?

At least that way you aren't increasing your tax liabilities.

You'd then have to declare the dividend payments as income.

The other option would be to put the shares in an ISA. Might look at doing that.....