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26th Jan 2016 09:06
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Dividends from ADR shares

Dividends from ADR shares

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Its been a while since i came across one of these: A client has received ad divided from an American Depositary Receipt for a UK Co.

The stockbroker's consolidated tax statement shows it as a UK dividend - but no tax credit attached.

What is the correct place to enter this on the Tax return, UK Dividend, Foreign Dividend, Other Income? and do I treat the amount received as the gross amount, and work out the tax credit on that? 

Thanks

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By BigBadWolf
26th Jan 2016 14:25

Any takers Please?

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By Red Leader
26th Jan 2016 14:32

UK

The last time I looked into this was several years ago. With that proviso in mind, the treatment follows that of the underlying shares, so UK dividend with 10% tax credit.

To double check the broker's calculation of net/gross, you can look up the dividend per share on the UK company's website and cross check from that.

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By BigBadWolf
26th Jan 2016 15:06

Thanks

Red Leader wrote:

The last time I looked into this was several years ago. With that proviso in mind, the treatment follows that of the underlying shares, so UK dividend with 10% tax credit.

To double check the broker's calculation of net/gross, you can look up the dividend per share on the UK company's website and cross check from that.

 

Thank you

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