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UK Personal Taxation on Debt Focused ITs

Closed-end funds and OEICs
mickeypops
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UK Personal Taxation on Debt Focused ITs

#17294

Postby mickeypops » December 21st, 2016, 5:50 pm

Does anyone know if dividends from debt focused ITs (such as Twentyfour income) categorised as dividends or interest for income tax purposes?

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MP

Alaric
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Re: UK Personal Taxation on Debt Focused ITs

#17313

Postby Alaric » December 21st, 2016, 7:09 pm

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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