Commentary

I5.1011 Dividend income received by trustees

IHT, trusts and estates

I5.1011 Dividend income received by trustees

I5.1011 Dividend income received by trustees

Dividend income means1:

  1.  

    •     dividends and other distributions from a UK company2

  2.  

    •     dividends from non-UK resident companies3

  3.  

    •     stock dividends from UK resident companies4

  4.  

    •     the release of a loan to a participator in a close company5

  5.  

    •     a 'relevant foreign distribution' by a non-UK resident company, ie a distribution that is not within (b) but which would be chargeable6 if the company were resident in the UK7

  6.  

    •     a payment by a company to redeem, repay or purchase its own shares8.

Trustees pay tax on dividends at 38.1% (for tax years before 2016/17

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