Commentary

E1.413 Dividends etc from UK resident companies—amounts treated as dividends

Personal and employment tax

E1.413 Dividends etc from UK resident companies—amounts treated as dividends

E1.413 Dividends etc from UK resident companies—amounts treated as dividends

Certain amounts received by individuals are specifically provided to be treated as dividends, as detailed below.

Open-ended investment companies

Open-ended investment companies (OEICs) (see also E1.407) prepare accounts for a distribution period to show the amounts available for distribution by way of dividend for that period. A shareholder is assessable on the proportion of that amount applicable to his shareholding whether or not it is actually distributed1. A 'distribution period' is a period for which the OEIC calculates the amounts available for distribution to share owners. Accounts showing the amounts available for distribution are 'distribution accounts'2. A distribution includes investment on behalf of the shareholder in respect of the holder's accumulation shares, ie shares in respect of which income is added to the

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