Part 4Savings and investment income

Chapter 4Dividends from non-UK resident companies

Charge to tax on dividends from non-UK resident companies

403Income charged

(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).