This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

US shares and taxes withheld.

someone
Posts:478
Joined:Mon Feb 13, 2017 10:09 am
US shares and taxes withheld.

Postby someone » Sat May 22, 2021 11:03 am

I've got a few USD shares held in a computershare account.

Just got my first statement and there was $12.60 of dividends and $1.89 taxes withheld.

Should that tax be withheld (I'm UK everything)? And if it should do I offset it against my final tax bill on this dividend? If it shouldn't what should I be doing to stop it being deducted?

pawncob
Posts:4676
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: US shares and taxes withheld.

Postby pawncob » Mon May 24, 2021 10:58 am

https://community.hmrc.gov.uk/forums/customerforums/sa/4753b567-c91d-ea11-8454-00155d9ca253
With a pinch of salt take what I say, but don't exceed your RDA

someone
Posts:478
Joined:Mon Feb 13, 2017 10:09 am

Re: US shares and taxes withheld.

Postby someone » Mon May 24, 2021 3:47 pm

Thanks.

Isn't it complicated! Although with my tiny dividend it looks like it will all fall into the annual allowance so no tax credit.


Return to “Savings & Investments, Pensions & Retirement”

cron