Divendends

barrauda17

I have shares in a UK pharma company that I used to work in that has a few sites here.I also have a few shares in a US pharma company based here also.The US have a double taxation agreement so I can claim back Irish tax already paid-is this right? Regarding the UK shares,what is the rate of tax taken off those by revenue? I've done my tax return and I owe over 200euro but the only non-paye income I had was about 560euro net of Uk shares and 50euro gross of US shares.I'm wondering if I am entering the share info correctly.Any advice would be greatly appreciated,thanks.

blackbox

I don't know anything about US double taxation, but dividends from UK shares are simply treated as income. Declare on Form 11.

I'm not aware of any reason that UK dividends would already have been taxed.

relax carry on

UK dividends are entered net of any UK tax deducted. You enter it in the UK dividends section. No credit is given for any UK tax deducted. US dividends are entered gross. A credit is automatically granted for the 15% tax paid in the US. You do not need to claim a credit for any us tax deducted as it's already granted automatically. Dividends are treated as additional income and taxed as such.

https://www.revenue.ie/en/additional-incomes/dividend-income/index.aspx

barrauda17

Thanks very much.That's exactly how I put them on the Form12.I just wanted confirmation that it was the right way-UK go in as net,US go in as gross.I'll calculate the tax now and see if it makes sense.