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.

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

(1) Income tax is charged on dividends of a non-UK resident company.

(2) For exemptions, see in particular section 770 (amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment).

(3) Subsection (1) is also subject to section 498 of ITEPA 2003 (no charge on shares ceasing to be subject to SIP in certain circumstances).

(4) In this Chapter “dividends” does not include dividends of a capital nature.