Income Tax (Trading and Other Income) Act 2005 (c. 5)

Part 4 U.K. Savings and investment income

Chapter 4 U.K. Dividends from non-UK resident companies

Charge to tax on dividends from non-UK resident companies U.K.

403 Income charged U.K.

(1) Tax is charged under this Chapter on the F1 ... amount of the dividends arising in the tax year.

(2) Subsection (1) is subject to—

• section 406(2) and (3) (later charge where cash dividends retained in SIPs are paid over),

• section 407(3) (dividend payment when dividend shares cease to be subject to SIP), and

• Part 8 (foreign income: special rules).

Textual Amendments

F1 Word in s. 403(1) omitted (with effect in accordance with s. 34(2) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 12 para. 18