Earlier this year I received the special cash dividend from the Dr Pepper Snapple / Keurig merger at $103.75 per share. Being a cash dividend I thought this would be taxed as UK Income on my 2018/19 tax return. However, I have just received a US Tax Return document via Computershare that splits the payment between Gross Income classified as Return of Capital and Gross Income classified as Dividend Income. I have also found reference to the $103.75 per share figure actually being $29.50 dividend and $74.25 Capital.
Could anyone advise what I need to put on my tax return. It now appears the dividend income is only the $29.50 per share element, but I have not sold any of my shares so do I still need to report the return of capital element as capital gains made in the tax year? Many Thanks
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