I have some shares in a German company and I note that the divis are taxed at 26% at source. Can I reclaim 6& tax to bring them in line with UK divis? They happen to be in an ISA but I don't know whether this is relevant.
The notional tax rate on dividends from normal UK companies (and equity based investment companies) is 10%, not 20%. The rest of the question looks far too complex for me to attempt.
Yes and yes - ie you can reclaim tax and the ISA does make a difference (as you are not the legal, registered holder of the shares). IIRC not for the fainthearted though. Only you can decide if the game is worth the candle.
I can't find guidance on gov.uk but I see
Sure. My mistake.
Thanks Robin. I'll think about it!
I am basing this on you being a UK resident - you will have been taxed at
26.375% on your dividends but as there is a double taxation treaty between the UK and Germany the treaty rate is 15% therefore you may have an entitlement to reclaim 11.375% of the tax withheld. You can reclaim historically 4 years and will take approx 12 months for a reclaim to be paid. Tax reclamation is an extremely complicated process. Its often better to reach out to a company that specialises in tax reclamation.BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.