A client has received dividends from Royal Dutch Shell. These are stated in US Dollars and the dividends are applied to purchase additional "A" shares. Is it correct to convert the dividends to Sterling equivalents and record them as stock dividends received in the UK in the client's SA return?
Jivebunny
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Did you manage to get a definitive answer on this one? I have just posted a similar question. The statements show 'scrip' dividends but I am pretty sure that the sterling equivalent is taxable.