CeeVee
 |
It depends on how you receive the dividends.
If it's done through a third party, e.g. one of the online brokers, then they will automatically deduct the tax. This will happen even if the shares are held in an ISA, one of the other enswers was wrong on this point.
If you hold the shares directly, e.g. in a private company, then you will receive the dividends gross and it is up to you to declare them on your tax return.
Consult with an accountant to clarify your own circumstances but note that tax avoidance is legal but tax evasion is not. |
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Jas
 |
You can't they are taxed at source. In other words, they are taxed before you receive them. |
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taketwo
|
declare it against your own taxing code. |
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Elite female
 |
Not sure read some tips on it on this site |
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â—„ Mal â–º
 |
I assume you're talking about shares?
Avoid. No, minimise, yes!
Have a look at the link I provide which talks in general terms about share dividends. I would suggest you talk to your accountant or tax adviser about minimising tax. |
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Unique
 |
I do not think that is possible. You will pay one way or another. |
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John N
|
You will only pay tax on dividend income if you are a higher rate taxpayer. If you pay taxes at the basic rate you are only taxed on dividends at 10% i.e. the notional tax credit attached to the dividend.
To avoid paying taxes on your dividend income shelter the shares in an ISA. A perfectly legal and governament endorsed tax exempt saving scheme. |
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dude
 |
You can't. Pay your taxes cheapskate. Signed Tony Blair |
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Conservative
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dividend tax=10% of gross amount |
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Mr Jack Hackett
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pay your ******** tax and support society |
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R G
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Not at all surprised to see such question from a Mohammad !
Typical stinginess ~!
Pay your Taxes you A S S H O L E !!!! |
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Stephen H
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If you're a share holder, you have no choice
If you're a company director being paid dividends, you don't pay tax on them anyway! |
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