The Expat Directory

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 being less than the usual 40% higher rate income tax. Additional rate taxpayers pay 42.5% on the gross share dividend being less than the usual 50% additional rate income tax.

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