shares question

[tim_s]

someone told me that when you get dividends from shares you don't pay tax!?! is that true? do you still have to declare share income in your self assessment tax form?

[tim_s]

crimson king 500 said:

Course you do, the only way you can get the dividends tax free is if you have them lodged in an ISA, that will be £365 for that advice please-hehe Only 2 things in life that are certain, death & taxes. CK500

cheers for the advice. so presumably the max amount you can put in stocks & shares isa's is £7000. What happens if you get more than that?

>> Edited by tim_s on Thursday 17th July 08:43