The Lemon Fool

Hi.

I have 253 British Land shares. It has just paid out £0.073 per share dividend which is £18.46

Any idea why I have only received £14.78?

Thanks

Andy46 wrote:Hi.

I have 253 British Land shares. It has just paid out £0.073 per share dividend which is £18.46

Any idea why I have only received £14.78?

Thanks

It was a Property Income Distribution "PID" (as against a dividend), from which Income Tax at the basic rate of 20% is deducted before payment.

If you hold in a pension, such as a SIPP, you may be able to recover the 20%.

In more detail from British Land itself http://www.britishland.com/investors/di ... and-uk-tax

PinkDalek wrote:If you hold in a pension, such as a SIPP, you may be able to recover the 20%.

If you hold in a SIPP or ISA your broker/platform will (should!) recover the tax withheld, and credit it to your a/c. The broad experience is that it takes 1-2 months.

mc2fool wrote:

PinkDalek wrote:If you hold in a pension, such as a SIPP, you may be able to recover the 20%.

If you hold in a SIPP or ISA your broker/platform will (should!) recover the tax withheld, and credit it to your a/c. The broad experience is that it takes 1-2 months.

Okay and non-taxpayers should be able to recover the Income Tax withheld and, for others, it is creditable against UK tax payable generally.

What I haven't checked is whether the proposed Property Income Allowance of £1,000 was to have been available to offset against income from PIDs (giving they are treated as property income).

Hi

Thanks for the replies. That explains it.

mc2fool wrote:

PinkDalek wrote:If you hold in a pension, such as a SIPP, you may be able to recover the 20%.

If you hold in a SIPP or ISA your broker/platform will (should!) recover the tax withheld, and credit it to your a/c. The broad experience is that it takes 1-2 months.

HL pay me the full amount into my SIPP on the day.

Terry.

Wizard wrote:

mc2fool wrote: If you hold in a SIPP or ISA your broker/platform will (should!) recover the tax withheld, and credit it to your a/c. The broad experience is that it takes 1-2 months.

HL pay me the full amount into my SIPP on the day.

Terry.

Yes, those brokers that segregate their nominee's SIPP/ISA holdings from the non-sheltered holdings are eligible to receive gross PIDs for the SIPP/ISA pool.

However, those that have just one nominee pool, and allocate from it to a mix of SIPP/ISA and non-sheltered client accounts, have to receive PIDs net and reclaim the tax for the SIPP/ISA clients.

mc2fool wrote:

Wizard wrote: HL pay me the full amount into my SIPP on the day.

Terry.

Yes, those brokers that segregate their nominee's SIPP/ISA holdings from the non-sheltered holdings are eligible to receive gross PIDs for the SIPP/ISA pool.

However, those that have just one nominee pool, and allocate from it to a mix of SIPP/ISA and non-sheltered client accounts, have to receive PIDs net and reclaim the tax for the SIPP/ISA clients.

Sounds like the separation approach is the same thing that allows full tax relief on SIPP purchases of US shares with HL. Guess scale helps there.

Terry.