Where a person's income for a tax year includes a distribution of a company, and the person is non-UK resident1, that person is treated as having paid income tax at the dividend ordinary rate2 on the amount or value of the distribution3.
Where a person is liable to income tax on a CD distribution4, the person's liability to income tax on a subsequent non-CD distribution is reduced if the non-CD distribution consists of a repayment of the share capital, or the principal of the security, which constituted the CD distribution
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234