Does anyone know if dividends from debt focused ITs (such as Twentyfour income) categorised as dividends or interest for income tax purposes?
Many thanks
MP
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UK Personal Taxation on Debt Focused ITs
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Re: UK Personal Taxation on Debt Focused ITs
mickeypops wrote:Does anyone know if dividends from debt focused ITs (such as Twentyfour income) categorised as dividends or interest for income tax purposes?
I rather think "it depends". The IT's will have agreed a taxation treatment with HMRC.
VPC Speciality Lending is one that pays interest as evidenced by the tax rebates showing up in my ISA.
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