Commentary

E1.412 Dividends etc from UK resident companies—charge to tax

Personal and employment tax

E1.412 Dividends etc from UK resident companies—charge to tax

Dividends etc from UK resident companies

E1.412 Dividends etc from UK resident companies—charge to tax

Dividends (see D5.110, D5.170) and other distributions (see D5.115, D5.128) of UK resident companies are charged to income tax as savings and investment income. Such receipts are treated as income for income tax purposes even though they may be treated as capital for other purposes1. As regards stock dividends, which are excluded from charge under this provision, see E1.4202.

The charge also includes deemed distributions by open-ended investment companies and authorised unit trusts, as well as special purpose share schemes (see E1.413)3.

For special rules applying

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