How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask taxadvisor.uk Your Own Question
taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4972
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
54961312
Type Your Tax Question Here...
taxadvisor.uk is online now

Re- Short Tax Return 2014/15. Should bank dividends used to

Resolved Question:

Re- Short Tax Return 2014/15. Should bank dividends used to buy more bank shares under their reinvestment programme be entered in Box 5.1 or 5.3 presumably excluding the tax credits. Should quarterly OEIC dividend credits to my bank account be enterd in Box 5.1 excluding the tax credit
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.

Hello and welcome to the site. Thank you for your question.

You should enter dividends received from your bank in box 5.3 including OEIC dividend credits (do not include the tax credits).

Box 5.1 is for taxed UK interest.

I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.

taxadvisor.uk and 2 other Tax Specialists are ready to help you

Related Tax Questions