Should global trackers such as VWRL and HWMO have the dividends recorded as foreign income on tax returns?
Thanks in advance,
SB
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site
Global Trackers and Div Tax
-
- Lemon Pip
- Posts: 94
- Joined: December 21st, 2016, 12:32 pm
- Has thanked: 12 times
- Been thanked: 72 times
-
- Lemon Half
- Posts: 6142
- Joined: November 5th, 2016, 9:05 am
- Has thanked: 21 times
- Been thanked: 1428 times
Re: Global Trackers and Div Tax
Snowbadger wrote:Should global trackers such as VWRL and HWMO have the dividends recorded as foreign income on tax returns?
I think the answer is yes, but not because of what they invest in, but because they are domiciled in Dublin, assuming they are. You should receive a statement of dividend income for the tax year from your platform or Broker which itemises where income comes from.
-
- The full Lemon
- Posts: 19356
- Joined: November 4th, 2016, 3:58 pm
- Has thanked: 657 times
- Been thanked: 6910 times
Re: Global Trackers and Div Tax
Alaric wrote:Snowbadger wrote:Should global trackers such as VWRL and HWMO have the dividends recorded as foreign income on tax returns?
I think the answer is yes, but not because of what they invest in, but because they are domiciled in Dublin, assuming they are. You should receive a statement of dividend income for the tax year from your platform or Broker which itemises where income comes from.
Many ETFs are domiciled in either Dublin or Luxembourg, for tax reasons. Either way it counts as foreign income. There are also ETFs domiciled in the US, Canada and elsewhere. As far as I know there are no UK-domiciled ETFs but I might be wrong about that.
The country of domicile matters because it is the tax treaty that country has with other countries that matters, and not the tax treaty that the UK has with those other countries.
-
- Lemon Pip
- Posts: 94
- Joined: December 21st, 2016, 12:32 pm
- Has thanked: 12 times
- Been thanked: 72 times
Re: Global Trackers and Div Tax
Thanks for the prompt response as I am about to start filling in the Self Assessment forms. Am I correct in thinking the tax treatment is no different to a uk dividend.
Cheers,
SB
Cheers,
SB
-
- Lemon Quarter
- Posts: 1832
- Joined: November 13th, 2016, 3:41 pm
- Has thanked: 1444 times
- Been thanked: 663 times
Re: Global Trackers and Div Tax
It depends if there is any withholding tax. Usually nil for RoI ETFs.Snowbadger wrote:Thanks for the prompt response as I am about to start filling in the Self Assessment forms. Am I correct in thinking the tax treatment is no different to a uk dividend.
Cheers,
SB
Who is online
Users browsing this forum: No registered users and 6 guests