Hello
How do I record a dividend received from another company that I own 15% shares in?
Company A (mine) owns 15% of Company B.
When Company A invested into the Company B, I recorded this as a long-term investment and payment of £15 paid towards the share capital.
Just recently, Company B has just put in my dividends into Company A's bank account.
I have been reading many articles online where it says it is exempt from corporation tax.
Is this dividend taxable?
and do I explain the dividend received under the 'long-term investments'?
Thanks
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