Tax Tips from...
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Tax Credit - A tax credit of 10% is given on all share dividends paid by UK companies. This means that effectively the amount you actually get is treated as being 90% of the total dividend. This credit is not refundable. Higher rate taxpayers pay 32.5% tax on the gross share dividend. This is still less than the usual 40% higher rate Income Tax |
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Share Options -If you have exercised an unapproved share option or an enterprise management incentive scheme before 10 April 2003, and have sold the shares, you may be able to reclaim some capital gains tax as a result of the decision made in the tax case Mansworth v Jelley |
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